Foster Victor Wealth Advisors LLC Purchases 6,996 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Foster Victor Wealth Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,353 shares of the restaurant operator's stock after buying an additional 6,996 shares during the period. Foster Victor Wealth Advisors LLC's holdings in Chipotle Mexican Grill were worth $7,038,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CMG. Mackenzie Financial Corp lifted its position in Chipotle Mexican Grill by 4,975.0% in the 2nd quarter. Mackenzie Financial Corp now owns 127,280 shares of the restaurant operator's stock valued at $7,974,000 after acquiring an additional 124,772 shares in the last quarter. Driehaus Capital Management LLC raised its stake in shares of Chipotle Mexican Grill by 4,213.0% in the second quarter. Driehaus Capital Management LLC now owns 11,300 shares of the restaurant operator's stock worth $708,000 after purchasing an additional 11,038 shares during the last quarter. Creative Planning lifted its holdings in shares of Chipotle Mexican Grill by 5,498.1% in the second quarter. Creative Planning now owns 242,957 shares of the restaurant operator's stock valued at $15,221,000 after purchasing an additional 238,617 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 5,877.5% during the second quarter. NewEdge Advisors LLC now owns 40,647 shares of the restaurant operator's stock valued at $2,547,000 after buying an additional 39,967 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Chipotle Mexican Grill by 4,407.4% during the second quarter. Sunbelt Securities Inc. now owns 9,150 shares of the restaurant operator's stock worth $573,000 after buying an additional 8,947 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

CMG stock traded down $0.65 during mid-day trading on Friday, reaching $58.34. 8,348,295 shares of the company traded hands, compared to its average volume of 8,577,862. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The company has a market capitalization of $79.49 billion, a P/E ratio of 54.30, a P/E/G ratio of 2.05 and a beta of 1.27. The company has a fifty day moving average price of $60.50 and a 200-day moving average price of $57.75.

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

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents 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 accessible through the SEC website. 1.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Stephens restated an "equal weight" rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Loop Capital upped their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Barclays lifted their target price on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 7th. Finally, Robert W. Baird upped their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $66.88.

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.