Legacy Capital Wealth Partners LLC Acquires 1,747 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Legacy Capital Wealth Partners LLC increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 45.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,631 shares of the restaurant operator’s stock after purchasing an additional 1,747 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $340,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in Chipotle Mexican Grill during the second quarter valued at about $186,000. Creative Planning boosted its holdings in Chipotle Mexican Grill by 82.9% during the third quarter. Creative Planning now owns 444,354 shares of the restaurant operator’s stock valued at $25,604,000 after acquiring an additional 201,397 shares during the period. V Square Quantitative Management LLC boosted its holdings in Chipotle Mexican Grill by 124.6% during the third quarter. V Square Quantitative Management LLC now owns 7,137 shares of the restaurant operator’s stock valued at $411,000 after acquiring an additional 3,960 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in Chipotle Mexican Grill by 16.2% during the third quarter. Stratos Wealth Partners LTD. now owns 169,132 shares of the restaurant operator’s stock valued at $9,745,000 after acquiring an additional 23,570 shares during the period. Finally, Net Worth Advisory Group bought a new stake in Chipotle Mexican Grill during the third quarter valued at about $623,000. 91.31% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Loop Capital upped their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. BMO Capital Markets increased their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Trading Down 1.8 %

NYSE CMG opened at $57.06 on Monday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The company has a 50 day moving average of $59.50 and a 200-day moving average of $58.11. The firm has a market cap of $77.74 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 2.14 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.