Asset Planning Inc Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Asset Planning Inc purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,425 shares of the restaurant operator's stock, valued at approximately $327,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Transcendent Capital Group LLC boosted its holdings in shares of Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator's stock worth $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 3rd quarter valued at approximately $32,000. Capital Performance Advisors LLP acquired a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $33,000. Global Trust Asset Management LLC purchased a new position in Chipotle Mexican Grill during the 3rd quarter worth approximately $35,000. Finally, Sound Income Strategies LLC raised its stake in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after purchasing an additional 555 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. BMO Capital Markets lifted their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Jefferies Financial Group upped their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a report on Monday, December 16th. Piper Sandler decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Barclays dropped their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus target price of $66.31.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded down $2.60 during midday trading on Tuesday, reaching $54.48. 15,295,168 shares of the company's stock were exchanged, compared to its average volume of 10,608,308. The firm has a market capitalization of $74.23 billion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. The company's 50 day simple moving average is $59.35 and its two-hundred day simple moving average is $58.16. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 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.