Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,829 shares of the restaurant operator's stock after acquiring an additional 14,538 shares during the period. Alpha Cubed Investments LLC's holdings in Chipotle Mexican Grill were worth $12,351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CMG. Oliver Lagore Vanvalin Investment Group lifted its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 392 shares during the period. ZRC Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 384.0% during the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator's stock valued at $28,000 after buying an additional 384 shares during the last quarter. Transcendent Capital Group LLC lifted its holdings in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator's stock valued at $30,000 after buying an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter worth about $32,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Chipotle Mexican Grill in the third quarter worth about $33,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Truist Financial boosted their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Robert W. Baird increased their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Stephens restated an "equal weight" rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Jefferies Financial Group upped their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, December 16th. Finally, Piper Sandler increased their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.81.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Down 2.1 %

NYSE:CMG traded down $1.21 during trading hours on Tuesday, hitting $56.31. The company had a trading volume of 8,665,127 shares, compared to its average volume of 8,517,927. Chipotle Mexican Grill, Inc. has a 1 year low of $46.01 and a 1 year high of $69.26. The company has a market cap of $76.73 billion, a P/E ratio of 52.39, a P/E/G ratio of 1.94 and a beta of 1.27. The company has a 50-day moving average of $60.88 and a 200 day moving average of $57.80.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Chipotle Mexican Grill's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $0.23 earnings per share. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

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.