Centricity Wealth Management LLC Takes $101,000 Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Centricity Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,672 shares of the restaurant operator’s stock, valued at approximately $101,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Prakash Investment Advisors LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth about $434,000. ING Groep NV lifted its holdings in shares of Chipotle Mexican Grill by 203.4% in the 4th quarter. ING Groep NV now owns 524,132 shares of the restaurant operator’s stock valued at $31,605,000 after buying an additional 351,382 shares during the period. Elk River Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $208,000. Ieq Capital LLC grew its holdings in Chipotle Mexican Grill by 46.3% during the fourth quarter. Ieq Capital LLC now owns 128,381 shares of the restaurant operator’s stock worth $7,741,000 after acquiring an additional 40,654 shares during the period. Finally, Global Retirement Partners LLC raised its position in Chipotle Mexican Grill by 14.6% during the fourth quarter. Global Retirement Partners LLC now owns 41,853 shares of the restaurant operator’s stock valued at $2,524,000 after acquiring an additional 5,345 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on CMG shares. Robert W. Baird upped their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. KeyCorp lowered their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Wedbush cut their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Loop Capital raised their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’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 transaction of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG opened at $53.04 on Friday. The firm has a market capitalization of $71.88 billion, a price-to-earnings ratio of 47.77, a price-to-earnings-growth ratio of 2.10 and a beta of 1.27. The company’s 50 day simple moving average is $58.91 and its two-hundred day simple moving average is $58.15. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.