Nisa Investment Advisors LLC Buys 94,829 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nisa Investment Advisors LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 469,139 shares of the restaurant operator’s stock after acquiring an additional 94,829 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $28,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group increased its holdings in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. ZRC Wealth Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 384.0% in the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after buying an additional 384 shares during the period. Transcendent Capital Group LLC grew its position in shares of Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after buying an additional 475 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill during the third quarter valued at $32,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $33,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.5 %

Shares of NYSE:CMG opened at $55.93 on Thursday. Chipotle Mexican Grill, Inc. has a twelve month low of $46.01 and a twelve month high of $69.26. The company’s 50 day moving average is $60.79 and its 200 day moving average is $57.75. The company has a market cap of $76.21 billion, a PE ratio of 52.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 earnings per share. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMG. BMO Capital Markets increased their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Oppenheimer lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Truist Financial upped their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Robert W. Baird lifted their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Stephens reissued an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.81.

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.