International Assets Investment Management LLC Has $598,000 Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

International Assets Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 57.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 208 shares of the restaurant operator’s stock after purchasing an additional 76 shares during the period. International Assets Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $598,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new position in Chipotle Mexican Grill in the fourth quarter valued at about $32,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $37,000. ICA Group Wealth Management LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $37,000. Keener Financial Planning LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $43,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in Chipotle Mexican Grill by 28.6% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 27 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 6 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Sanford C. Bernstein lifted their target price on Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Raymond James restated an “outperform” rating and issued a $3,340.00 target price (up from $3,300.00) on shares of Chipotle Mexican Grill in a research note on Thursday, April 25th. Wedbush restated a “neutral” rating and issued a $3,200.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, June 17th. Morgan Stanley boosted their price objective on Chipotle Mexican Grill from $2,986.00 to $3,100.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, Truist Financial boosted their target price on Chipotle Mexican Grill from $3,440.00 to $3,520.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $3,201.19.

Insiders Place Their Bets

In other news, Director Albert S. Baldocchi sold 1,000 shares of the firm’s 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 directly owns 27,250 shares in the company, valued at approximately $86,273,772.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Brian R. Niccol sold 6,406 shares of Chipotle Mexican Grill stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $3,185.92, for a total value of $20,409,003.52. Following the sale, the chief executive officer now owns 22,669 shares of the company’s stock, valued at $72,221,620.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Albert S. Baldocchi sold 1,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $3,166.01, for a total transaction of $3,166,010.00. Following the completion of the sale, the director now owns 27,250 shares of the company’s stock, valued at approximately $86,273,772.50. 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 in the last ninety days. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Trading Down 0.1 %

Shares of NYSE CMG opened at $3,210.49 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $1,768.64 and a 12-month high of $3,463.07. The stock has a market cap of $88.19 billion, a PE ratio of 68.51, a P/E/G ratio of 2.56 and a beta of 1.25. The company has a 50-day moving average of $3,140.00 and a 200 day moving average of $2,755.44.

Chipotle Mexican Grill shares are scheduled to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be issued to shareholders after the market closes 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 EPS for the quarter, topping 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 analyst estimates of $2.67 billion. On average, sell-side analysts forecast 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.