SageView Advisory Group LLC Invests $593,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

SageView Advisory Group LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 245 shares of the restaurant operator’s stock, valued at approximately $593,000.

Several other large investors have also recently modified their holdings of the stock. Evermay Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 1.8% in the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after purchasing an additional 4 shares during the last quarter. Peloton Wealth Strategists raised its position in Chipotle Mexican Grill by 0.3% in the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after buying an additional 4 shares during the last quarter. Horizon Bancorp Inc. IN raised its position in Chipotle Mexican Grill by 5.2% in the 4th quarter. Horizon Bancorp Inc. IN now owns 101 shares of the restaurant operator’s stock worth $231,000 after buying an additional 5 shares during the last quarter. Washington Trust Advisors Inc. raised its position in Chipotle Mexican Grill by 16.1% in the 4th quarter. Washington Trust Advisors Inc. now owns 36 shares of the restaurant operator’s stock worth $82,000 after buying an additional 5 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its position in Chipotle Mexican Grill by 4.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 129 shares of the restaurant operator’s stock worth $295,000 after buying an additional 5 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Albert S. Baldocchi sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $3,166.01, for a total transaction of $3,166,010.00. Following the sale, the director now directly owns 27,250 shares of the company’s stock, valued at approximately $86,273,772.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Brian R. Niccol sold 6,406 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,185.92, for a total transaction of $20,409,003.52. Following the sale, the chief executive officer now owns 22,669 shares in the company, valued at approximately $72,221,620.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Albert S. Baldocchi sold 1,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $3,166.01, for a total value of $3,166,010.00. Following the sale, the director now owns 27,250 shares in the company, valued at approximately $86,273,772.50. The disclosure for this sale can be found here. Insiders have sold 11,015 shares of company stock valued at $35,023,769 in the last ninety days. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on Chipotle Mexican Grill from $2,750.00 to $3,000.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. TD Cowen boosted their target price on Chipotle Mexican Grill from $3,500.00 to $3,600.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Robert W. Baird boosted their target price on Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Raymond James reissued an “outperform” rating and issued a $3,340.00 target price (up previously from $3,300.00) on shares of Chipotle Mexican Grill in a research report on Thursday, April 25th. Finally, Piper Sandler upped their price target on shares of Chipotle Mexican Grill from $2,442.00 to $3,070.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $3,201.19.

Chipotle Mexican Grill Price Performance

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

Chipotle Mexican Grill’s stock is going to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, June 25th.

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

Chipotle Mexican Grill Company 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.