Vantage Investment Partners LLC Purchases 4,486 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Vantage Investment Partners LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 644,149 shares of the restaurant operator’s stock after acquiring an additional 4,486 shares during the quarter. Chipotle Mexican Grill accounts for 3.4% of Vantage Investment Partners LLC’s portfolio, making the stock its 11th biggest holding. Vantage Investment Partners LLC’s holdings in Chipotle Mexican Grill were worth $38,842,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CMG. Alpha DNA Investment Management LLC raised its stake in shares of Chipotle Mexican Grill by 1.2% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after buying an additional 168 shares during the last quarter. Lecap Asset Management Ltd. increased its stake in shares of Chipotle Mexican Grill by 1.2% during the 3rd quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock worth $843,000 after purchasing an additional 175 shares in the last quarter. Connable Office Inc. increased its stake in shares of Chipotle Mexican Grill by 0.6% during the 3rd quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock worth $1,840,000 after purchasing an additional 178 shares in the last quarter. Albion Financial Group UT raised its position in shares of Chipotle Mexican Grill by 14.4% during the 3rd quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock worth $82,000 after purchasing an additional 180 shares during the last quarter. Finally, Traynor Capital Management Inc. lifted its stake in Chipotle Mexican Grill by 2.5% in the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock valued at $454,000 after buying an additional 181 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of several recent research reports. Evercore ISI raised their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Robert W. Baird boosted their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating on the stock in a research note on Monday. Jefferies Financial Group upped their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Finally, TD Cowen raised their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.77.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 2.8 %

Chipotle Mexican Grill stock opened at $58.30 on Tuesday. The firm has a 50-day moving average price of $60.64 and a two-hundred day moving average price of $57.72. The firm has a market capitalization of $79.43 billion, a price-to-earnings ratio of 54.26, a PEG ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $46.29 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm earned $0.23 EPS. Chipotle Mexican Grill’s revenue was up 13.0% on a year-over-year basis. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Chipotle Mexican Grill 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.