Jones Financial Companies Lllp Has $5.72 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Jones Financial Companies Lllp increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.7% during the fourth quarter, Holdings Channel reports. The fund owned 94,770 shares of the restaurant operator’s stock after acquiring an additional 4,296 shares during the quarter. Jones Financial Companies Lllp’s holdings in Chipotle Mexican Grill were worth $5,715,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Transcendent Capital Group LLC grew its position in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Chipotle Mexican Grill during the third quarter valued at $33,000. 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 buying an additional 555 shares in the last quarter. Truvestments Capital LLC acquired a new position in Chipotle Mexican Grill during the third quarter valued at $37,000. Finally, Financial Life Planners purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $53.10 on Wednesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The firm has a fifty day moving average price of $57.05 and a two-hundred day moving average price of $58.14. The firm has a market cap of $71.96 billion, a price-to-earnings ratio of 47.82, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted 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, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on CMG. Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Stifel Nicolaus lowered their price objective on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Truist Financial increased 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. Piper Sandler lowered 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 report on Wednesday, February 5th. Finally, Jefferies Financial Group increased their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.60.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

About Chipotle Mexican Grill

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.