Insigneo Advisory Services LLC Purchases 20,765 Shares of Chipotle Mexican Grill, Inc. $CMG

Insigneo Advisory Services LLC raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 80.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 46,693 shares of the restaurant operator’s stock after acquiring an additional 20,765 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Chipotle Mexican Grill were worth $1,830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Revolve Wealth Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Trueblood Wealth Management LLC increased its position in Chipotle Mexican Grill by 4.6% during the 3rd quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock valued at $224,000 after buying an additional 253 shares in the last quarter. Scotia Capital Inc. raised its stake in Chipotle Mexican Grill by 0.4% in the second quarter. Scotia Capital Inc. now owns 76,358 shares of the restaurant operator’s stock valued at $4,288,000 after buying an additional 269 shares during the last quarter. Lakeshore Capital Group Inc. boosted its holdings in Chipotle Mexican Grill by 1.9% in the third quarter. Lakeshore Capital Group Inc. now owns 14,632 shares of the restaurant operator’s stock worth $573,000 after acquiring an additional 272 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc grew its stake in shares of Chipotle Mexican Grill by 0.8% during the third quarter. Pine Haven Investment Counsel Inc now owns 37,391 shares of the restaurant operator’s stock worth $1,465,000 after acquiring an additional 280 shares during the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $36.69 on Thursday. The firm’s fifty day moving average is $38.43 and its two-hundred day moving average is $37.96. The firm has a market cap of $47.78 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 2.27 and a beta of 1.00. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.Chipotle Mexican Grill’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CMG. Sanford C. Bernstein increased their price objective on shares of Chipotle Mexican Grill from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Morgan Stanley lowered their price objective on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Truist Financial boosted their price objective on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research note on Monday, December 29th. Finally, Argus reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Thursday, February 5th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.24.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.