Wilkinson Global Asset Management LLC Has $34.89 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wilkinson Global Asset Management LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 578,602 shares of the restaurant operator's stock after purchasing an additional 125,815 shares during the quarter. Chipotle Mexican Grill makes up approximately 2.1% of Wilkinson Global Asset Management LLC's portfolio, making the stock its 21st largest holding. Wilkinson Global Asset Management LLC's holdings in Chipotle Mexican Grill were worth $34,890,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC raised its position 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 valued at $30,000 after purchasing an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new position in Chipotle Mexican Grill during the third quarter worth $32,000. Capital Performance Advisors LLP bought a new position in Chipotle Mexican Grill during the third quarter worth $33,000. Global Trust Asset Management LLC bought a new position in Chipotle Mexican Grill during the third quarter worth $35,000. Finally, Sound Income Strategies LLC increased its position in 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 worth $36,000 after acquiring an additional 555 shares during the period. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded down $1.58 on Friday, hitting $51.47. 12,627,766 shares of the stock were exchanged, compared to its average volume of 10,804,313. The stock has a market capitalization of $69.76 billion, a price-to-earnings ratio of 46.36, a P/E/G ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The company's 50-day moving average price is $58.64 and its 200 day moving average price is $58.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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%. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMG. Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. BMO Capital Markets lifted their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Sanford C. Bernstein reiterated an "outperform" rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Wedbush decreased their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Ten investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $66.31.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the company's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares of the company's stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company 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.