Ameritas Advisory Services LLC Boosts Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ameritas Advisory Services LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 79.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,408 shares of the restaurant operator's stock after buying an additional 12,602 shares during the quarter. Ameritas Advisory Services LLC's holdings in Chipotle Mexican Grill were worth $1,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CMG. Shellback Capital LP grew its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator's stock worth $7,831,000 after acquiring an additional 122,500 shares during the period. Hantz Financial Services Inc. grew its stake in Chipotle Mexican Grill by 5,897.8% in the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator's stock worth $2,820,000 after purchasing an additional 48,126 shares during the period. L & S Advisors Inc purchased a new stake in Chipotle Mexican Grill in the third quarter worth $3,256,000. Optas LLC raised its holdings in Chipotle Mexican Grill by 318.5% in the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator's stock worth $989,000 after purchasing an additional 13,060 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new position in Chipotle Mexican Grill during the third quarter valued at $758,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Down 2.3 %

CMG traded down $1.33 during trading on Tuesday, hitting $56.19. The company's stock had a trading volume of 13,848,719 shares, compared to its average volume of 8,988,554. The business's 50 day simple moving average is $60.88 and its 200-day simple moving average is $57.80. The firm has a market cap of $76.57 billion, a PE ratio of 52.30, a P/E/G ratio of 1.94 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $46.01 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.82 billion. During the same period last year, the firm earned $0.23 EPS. Chipotle Mexican Grill's revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on CMG. Wells Fargo & Company increased their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Truist Financial raised their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Piper Sandler upped their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird lifted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average target price of $66.81.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.02% of the company's stock.

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.