GDS Wealth Management Has $3.66 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

GDS Wealth Management lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 599.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,624 shares of the restaurant operator’s stock after buying an additional 51,958 shares during the quarter. GDS Wealth Management’s holdings in Chipotle Mexican Grill were worth $3,656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CMG. Quarry LP bought a new position in shares of Chipotle Mexican Grill in the second quarter valued at $37,000. Sanctuary Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the second quarter valued at $186,000. Czech National Bank grew its stake in shares of Chipotle Mexican Grill by 6.6% in the third quarter. Czech National Bank now owns 278,976 shares of the restaurant operator’s stock valued at $16,075,000 after buying an additional 17,276 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Chipotle Mexican Grill by 41.0% in the third quarter. GAMMA Investing LLC now owns 23,687 shares of the restaurant operator’s stock valued at $1,365,000 after buying an additional 6,887 shares in the last quarter. Finally, Smith Anglin Financial LLC grew its stake in shares of Chipotle Mexican Grill by 40.8% in the third quarter. Smith Anglin Financial LLC now owns 5,140 shares of the restaurant operator’s stock valued at $296,000 after buying an additional 1,490 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CMG. Jefferies Financial Group raised their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Piper Sandler increased their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their price objective on shares of 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. Barclays raised their price objective on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Finally, Raymond James cut their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.88.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $58.36 on Tuesday. The firm’s 50 day moving average price is $60.50 and its 200-day moving average price is $57.77. The company has a market cap of $79.53 billion, a PE ratio of 54.32, a P/E/G ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26.

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.