Circle Wealth Management LLC Has $696,000 Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Circle Wealth Management LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 32.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 440 shares of the restaurant operator’s stock after buying an additional 108 shares during the period. Circle Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Core Alternative Capital increased its holdings in Chipotle Mexican Grill by 433.3% during the first quarter. Core Alternative Capital now owns 16 shares of the restaurant operator’s stock worth $25,000 after buying an additional 13 shares during the last quarter. Confluence Wealth Services Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $27,000. James Reed Financial Services Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $27,000. Riverview Trust Co acquired a new position in Chipotle Mexican Grill during the first quarter worth $27,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Chipotle Mexican Grill in the first quarter valued at $30,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CMG shares. BTIG Research decreased their price objective on shares of Chipotle Mexican Grill from $1,975.00 to $1,825.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. BMO Capital Markets decreased their price objective on shares of Chipotle Mexican Grill from $1,700.00 to $1,600.00 and set a “market perform” rating on the stock in a report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Chipotle Mexican Grill from $1,505.00 to $1,503.00 and set a “hold” rating on the stock in a report on Wednesday, July 27th. Truist Financial decreased their price objective on shares of Chipotle Mexican Grill from $2,000.00 to $1,760.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Finally, Credit Suisse Group decreased their price objective on shares of Chipotle Mexican Grill from $2,200.00 to $2,000.00 and set an “outperform” rating on the stock in a report on Tuesday, July 19th. Seven research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $1,837.55.

Chipotle Mexican Grill Trading Up 1.0 %

CMG stock opened at $1,723.32 on Friday. The stock has a market capitalization of $47.84 billion, a P/E ratio of 64.52, a price-to-earnings-growth ratio of 2.25 and a beta of 1.30. Chipotle Mexican Grill, Inc. has a 12 month low of $1,196.28 and a 12 month high of $1,958.55. The firm has a 50-day moving average price of $1,526.72 and a 200-day moving average price of $1,461.36.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last posted its earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 EPS for the quarter, topping analysts’ consensus estimates of $9.04 by $0.26. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 35.14%. During the same period in the previous year, the company earned $7.46 earnings per share. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 32.5 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related news, CMO Christopher W. Brandt sold 1,532 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $1,503.96, for a total value of $2,304,066.72. Following the completion of the transaction, the chief marketing officer now owns 8,508 shares in the company, valued at approximately $12,795,691.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Marissa Andrada sold 251 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $1,575.00, for a total value of $395,325.00. Following the completion of the transaction, the insider now owns 4,690 shares in the company, valued at approximately $7,386,750. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Christopher W. Brandt sold 1,532 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $1,503.96, for a total transaction of $2,304,066.72. Following the sale, the chief marketing officer now directly owns 8,508 shares of the company’s stock, valued at approximately $12,795,691.68. The disclosure for this sale can be found here. Insiders sold a total of 6,719 shares of company stock worth $10,246,870 in the last quarter. 1.00% of the stock is owned by insiders.

About Chipotle Mexican Grill

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Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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