Koshinski Asset Management Inc. Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Koshinski Asset Management Inc. purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,788 shares of the restaurant operator’s stock, valued at approximately $228,000.

Other large investors have also added to or reduced their stakes in the company. AE Wealth Management LLC boosted its stake in shares of Chipotle Mexican Grill by 8,633.1% during the 2nd quarter. AE Wealth Management LLC now owns 12,401 shares of the restaurant operator’s stock valued at $777,000 after purchasing an additional 12,259 shares in the last quarter. Public Sector Pension Investment Board boosted its position in Chipotle Mexican Grill by 8,266.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 50,950 shares of the restaurant operator’s stock valued at $3,192,000 after acquiring an additional 50,341 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Chipotle Mexican Grill by 5,714.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,000 shares of the restaurant operator’s stock worth $313,000 after acquiring an additional 4,914 shares during the period. Insigneo Advisory Services LLC raised its position in shares of Chipotle Mexican Grill by 6,146.1% in the 2nd quarter. Insigneo Advisory Services LLC now owns 21,549 shares of the restaurant operator’s stock worth $1,350,000 after acquiring an additional 21,204 shares in the last quarter. Finally, Fred Alger Management LLC lifted its stake in shares of Chipotle Mexican Grill by 4,841.4% in the 2nd quarter. Fred Alger Management LLC now owns 241,584 shares of the restaurant operator’s stock valued at $15,135,000 after purchasing an additional 236,695 shares during the period. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $57.58 on Friday. The company has a market cap of $78.45 billion, a price-to-earnings ratio of 53.59, a P/E/G ratio of 1.89 and a beta of 1.27. The business’s 50-day moving average is $60.72 and its two-hundred day moving average is $57.74. Chipotle Mexican Grill, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CMG shares. Truist Financial upped their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Stephens reiterated an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Evercore ISI boosted their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Barclays raised their target price on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Finally, Robert W. Baird upped their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on 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 in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate 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.