Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 7.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 454 shares of the restaurant operator’s stock after purchasing an additional 31 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Chipotle Mexican Grill were worth $794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMG. Clark Capital Management Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 2.0% during the third quarter. Clark Capital Management Group Inc. now owns 352 shares of the restaurant operator’s stock valued at $640,000 after acquiring an additional 7 shares during the last quarter. Mission Wealth Management LP raised its holdings in shares of Chipotle Mexican Grill by 5.6% during the fourth quarter. Mission Wealth Management LP now owns 131 shares of the restaurant operator’s stock valued at $229,000 after acquiring an additional 7 shares during the last quarter. EPG Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 4.3% during the third quarter. EPG Wealth Management LLC now owns 195 shares of the restaurant operator’s stock valued at $354,000 after acquiring an additional 8 shares during the last quarter. Procyon Private Wealth Partners LLC raised its holdings in shares of Chipotle Mexican Grill by 5.9% during the fourth quarter. Procyon Private Wealth Partners LLC now owns 143 shares of the restaurant operator’s stock valued at $250,000 after acquiring an additional 8 shares during the last quarter. Finally, Arthur M. Cohen & Associates LLC raised its holdings in shares of Chipotle Mexican Grill by 1.4% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 584 shares of the restaurant operator’s stock valued at $1,021,000 after acquiring an additional 8 shares during the last quarter. 89.85% of the stock is owned by institutional investors.

NYSE:CMG traded up $55.46 during midday trading on Thursday, reaching $1,344.23. The company had a trading volume of 6,749 shares, compared to its average volume of 311,811. The firm has a market capitalization of $37.59 billion, a price-to-earnings ratio of 53.56, a PEG ratio of 1.74 and a beta of 1.29. The stock’s fifty day simple moving average is $1,472.07 and its 200-day simple moving average is $1,551.66. Chipotle Mexican Grill, Inc. has a 12-month low of $1,230.91 and a 12-month high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last released its earnings results on Tuesday, April 26th. The restaurant operator reported $5.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.63 by $0.07. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. Chipotle Mexican Grill had a return on equity of 32.88% and a net margin of 8.74%. During the same period last year, the business posted $5.36 earnings per share. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 31.55 earnings per share for the current fiscal year.

In other Chipotle Mexican Grill news, insider Marissa Andrada sold 1,456 shares of the firm’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $1,480.76, for a total value of $2,155,986.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robin S. Hickenlooper sold 48 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $1,267.56, for a total value of $60,842.88. Following the completion of the sale, the director now owns 927 shares in the company, valued at $1,175,028.12. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

A number of brokerages have commented on CMG. Barclays reduced their target price on Chipotle Mexican Grill from $1,630.00 to $1,585.00 and set an “equal weight” rating for the company in a report on Wednesday, April 27th. Gordon Haskett raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and cut their price target for the company from $1,800.00 to $1,750.00 in a report on Wednesday, January 26th. BTIG Research cut their price target on Chipotle Mexican Grill from $2,150.00 to $1,975.00 and set a “buy” rating for the company in a report on Friday, February 4th. Cowen cut their price target on Chipotle Mexican Grill from $1,950.00 to $1,830.00 in a report on Wednesday, April 27th. Finally, Royal Bank of Canada cut their price target on Chipotle Mexican Grill from $2,100.00 to $2,000.00 and set an “outperform” rating for the company in a report on Friday, February 4th. Eight investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $1,948.82.

Chipotle Mexican Grill Company Profile (Get Rating)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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