WealthShield Partners LLC Purchases 11,289 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• WealthShield Partners LLC increased its holdings in Chipotle Mexican Grill by 22.9%, acquiring an additional 11,289 shares, bringing their total to 60,580 shares valued at approximately $3,042,000.
• Goldman Sachs Group Inc. significantly ramped up its investment, increasing its Chipotle shares by 98.1% in the first quarter, now owning 9,900,521 shares valued at $497,105,000.
• Analysts have a consensus rating of "Moderate Buy" for Chipotle Mexican Grill, with an average target price set at $60.71, despite varying price objectives from several major firms.

WealthShield Partners LLC raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 22.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,580 shares of the restaurant operator's stock after purchasing an additional 11,289 shares during the quarter. WealthShield Partners LLC's holdings in Chipotle Mexican Grill were worth $3,042,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Revolve Wealth Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in Chipotle Mexican Grill by 22.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock worth $91,571,000 after buying an additional 279,267 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Chipotle Mexican Grill by 4.5% in the 4th quarter. Cerity Partners LLC now owns 597,654 shares of the restaurant operator's stock valued at $35,802,000 after purchasing an additional 25,916 shares in the last quarter. Twin Capital Management Inc. increased its holdings in Chipotle Mexican Grill by 181.2% during the 4th quarter. Twin Capital Management Inc. now owns 35,019 shares of the restaurant operator's stock valued at $2,112,000 after acquiring an additional 22,566 shares in the last quarter. Finally, Rathbones Group PLC purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $208,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Loop Capital decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Barclays decreased their price objective on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Robert W. Baird reduced their price target on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. Truist Financial reduced their price objective on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a report on Friday, July 25th. Finally, BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $56.00 to $65.00 in a research report on Friday, July 18th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.71.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider owned 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded up $0.02 during trading hours on Wednesday, hitting $42.65. 14,044,675 shares of the company's stock were exchanged, compared to its average volume of 20,522,552. The stock's 50-day moving average is $51.67 and its 200-day moving average is $51.91. The stock has a market cap of $57.19 billion, a price-to-earnings ratio of 38.08, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 52 week low of $42.25 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.