Chicago Partners Investment Group LLC Has $582,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Chicago Partners Investment Group LLC lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 249 shares of the restaurant operator’s stock after selling 31 shares during the period. Chicago Partners Investment Group LLC’s holdings in Chipotle Mexican Grill were worth $582,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Loomis Sayles & Co. L P boosted its position in shares of Chipotle Mexican Grill by 183.3% during the third quarter. Loomis Sayles & Co. L P now owns 238 shares of the restaurant operator’s stock worth $436,000 after purchasing an additional 154 shares in the last quarter. Kestra Advisory Services LLC lifted its position in Chipotle Mexican Grill by 8.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 1,487 shares of the restaurant operator’s stock valued at $2,724,000 after acquiring an additional 116 shares in the last quarter. Rafferty Asset Management LLC lifted its position in Chipotle Mexican Grill by 8.6% in the 3rd quarter. Rafferty Asset Management LLC now owns 2,254 shares of the restaurant operator’s stock valued at $4,129,000 after acquiring an additional 178 shares in the last quarter. Korea Investment CORP lifted its position in Chipotle Mexican Grill by 14.0% in the 3rd quarter. Korea Investment CORP now owns 15,618 shares of the restaurant operator’s stock valued at $28,610,000 after acquiring an additional 1,912 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $595,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG stock opened at $3,427.82 on Wednesday. The business has a 50-day moving average price of $3,121.24 and a 200 day moving average price of $2,732.93. The company has a market capitalization of $94.15 billion, a P/E ratio of 73.15, a PEG ratio of 2.60 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 1-year low of $1,768.64 and a 1-year high of $3,463.07.

Shares of Chipotle Mexican Grill are going to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be issued to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 55.31 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 2,509 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $3,164.44, for a total value of $7,939,579.96. Following the sale, the insider now owns 1,085 shares in the company, valued at $3,433,417.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Chipotle Mexican Grill news, COO Scott Boatwright sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $3,190.16, for a total value of $3,509,176.00. Following the sale, the chief operating officer now owns 2,412 shares in the company, valued at approximately $7,694,665.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Roger E. Theodoredis sold 2,509 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $3,164.44, for a total value of $7,939,579.96. Following the completion of the sale, the insider now owns 1,085 shares in the company, valued at approximately $3,433,417.40. The disclosure for this sale can be found here. Insiders have sold a total of 11,015 shares of company stock worth $35,023,769 over the last quarter. Insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CMG. Stephens lifted their price target on shares of Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Robert W. Baird boosted their price objective on shares of Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Piper Sandler boosted their price objective on shares of Chipotle Mexican Grill from $2,442.00 to $3,070.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Stifel Nicolaus boosted their price objective on shares of Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Chipotle Mexican Grill from $3,400.00 to $3,600.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $3,201.19.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.