5,900 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by PUREfi Wealth LLC

PUREfi Wealth LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,900 shares of the restaurant operator's stock, valued at approximately $356,000.

A number of other large investors have also made changes to their positions in the business. Assenagon Asset Management S.A. raised its stake in Chipotle Mexican Grill by 1,087.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator's stock worth $271,547,000 after acquiring an additional 4,315,983 shares during the last quarter. Congress Asset Management Co. acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $109,396,000. Thrivent Financial for Lutherans raised its stake in shares of Chipotle Mexican Grill by 674.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator's stock valued at $122,314,000 after buying an additional 1,848,625 shares during the last quarter. Raymond James & Associates raised its position in Chipotle Mexican Grill by 94.3% during the third quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator's stock valued at $171,118,000 after acquiring an additional 1,441,172 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Chipotle Mexican Grill by 5,188.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator's stock worth $818,860,000 after purchasing an additional 1,394,270 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the business's stock in a transaction that occurred 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 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. Company insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Stock Down 1.3 %

Chipotle Mexican Grill stock traded down $0.70 during mid-day trading on Wednesday, reaching $53.80. 15,583,469 shares of the company's stock were exchanged, compared to its average volume of 10,763,977. The company has a fifty day moving average of $59.14 and a 200-day moving average of $58.18. The company has a market cap of $73.30 billion, a P/E ratio of 48.46, a P/E/G ratio of 2.20 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 posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the topic of a number of analyst reports. Wells Fargo & Company dropped their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Piper Sandler decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Citigroup lifted their target price on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Finally, Oppenheimer raised their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $66.31.

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.