By otakuyassine3@gmail.com 
Rockline Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 4.0% during the fourth quarter, Holdings Channel reports. The firm owned 52,683 shares of the restaurant operator’s stock after acquiring an additional 2,013 shares during the quarter. Rockline Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $3,177,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of CMG. Transcendent Capital Group LLC lifted its holdings in Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP acquired a new position in Chipotle Mexican Grill during the 3rd quarter valued at approximately $33,000. Global Trust Asset Management LLC bought a new position in Chipotle Mexican Grill during the 3rd quarter worth $35,000. Finally, Sound Income Strategies LLC increased its position in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares during the period. 91.31% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Truist Financial upped their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Stephens reaffirmed an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. BMO Capital Markets increased their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Wedbush restated an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, January 22nd. Finally, Robert W. Baird boosted their price target 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. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.88.
Get Our Latest Stock Report on CMG
Insider Activity at Chipotle Mexican Grill
In other Chipotle Mexican Grill 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 value 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 represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.02% of the stock is owned by insiders.
Chipotle Mexican Grill Price Performance
Chipotle Mexican Grill stock opened at $58.36 on Tuesday. The company has a market cap of $79.53 billion, a P/E ratio of 54.32, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The firm’s 50 day simple moving average is $60.50 and its 200-day simple moving average is $57.77. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26.
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.
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