5,900 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,900 shares of the restaurant operator’s stock, valued at approximately $358,000.

Several other large investors have also made changes to their positions in the company. Shellback Capital LP raised its position in Chipotle Mexican Grill by 4,900.0% in the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after purchasing an additional 122,500 shares during the period. Hantz Financial Services Inc. raised its position in Chipotle Mexican Grill by 5,897.8% in the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after purchasing an additional 48,126 shares during the period. L & S Advisors Inc purchased a new position in Chipotle Mexican Grill in the third quarter valued at about $3,256,000. Optas LLC raised its position in Chipotle Mexican Grill by 318.5% in the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock valued at $989,000 after purchasing an additional 13,060 shares during the period. Finally, Savvy Advisors Inc. purchased a new position in Chipotle Mexican Grill in the third quarter valued at about $758,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Evercore ISI raised their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Barclays raised their price objective on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. BMO Capital Markets raised their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Truist Financial raised their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Oppenheimer raised their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded up $0.74 during mid-day trading on Thursday, reaching $58.11. 749,965 shares of the company’s stock traded hands, compared to its average volume of 7,591,379. The business’s 50-day moving average price is $60.94 and its 200-day moving average price is $57.91. The stock has a market capitalization of $79.18 billion, a P/E ratio of 54.09, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $45.62 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

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.