CIBC Asset Management Inc Acquires 8,221 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

CIBC Asset Management Inc boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,831 shares of the restaurant operator's stock after purchasing an additional 8,221 shares during the quarter. CIBC Asset Management Inc's holdings in Chipotle Mexican Grill were worth $12,532,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC grew its position in shares of Chipotle Mexican Grill by 950.0% during 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 last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at approximately $33,000. Global Trust Asset Management LLC bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at approximately $35,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the fourth 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 last quarter. Institutional investors own 91.31% of the company's stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.02% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Truist Financial upped their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Raymond James lowered their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research report on Tuesday, January 28th. Stephens lowered their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and upped their target price for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Finally, Piper Sandler decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average target price of $66.31.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG traded down $1.58 during trading hours on Friday, reaching $51.47. The stock had a trading volume of 12,627,766 shares, compared to its average volume of 10,804,313. The business's fifty day moving average is $58.64 and its two-hundred day moving average is $58.11. The company has a market cap of $69.76 billion, a price-to-earnings ratio of 46.36, a PEG ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve 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 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.