Gilbert & Cook Inc. Has $1.66 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Gilbert & Cook Inc. reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 39.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,549 shares of the restaurant operator’s stock after selling 17,729 shares during the period. Gilbert & Cook Inc.’s holdings in Chipotle Mexican Grill were worth $1,661,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CMG. NewEdge Advisors LLC grew its holdings in Chipotle Mexican Grill by 5,877.5% in the second quarter. NewEdge Advisors LLC now owns 40,647 shares of the restaurant operator’s stock worth $2,547,000 after purchasing an additional 39,967 shares during the period. Sunbelt Securities Inc. grew its stake in shares of Chipotle Mexican Grill by 4,407.4% in the 2nd quarter. Sunbelt Securities Inc. now owns 9,150 shares of the restaurant operator’s stock valued at $573,000 after buying an additional 8,947 shares during the period. Quarry LP bought a new stake in Chipotle Mexican Grill in the 2nd quarter valued at about $37,000. Regal Investment Advisors LLC raised its stake in Chipotle Mexican Grill by 8,849.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 12,350 shares of the restaurant operator’s stock worth $774,000 after buying an additional 12,212 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in Chipotle Mexican Grill by 6,780.3% in the second quarter. EP Wealth Advisors LLC now owns 44,447 shares of the restaurant operator’s stock worth $2,785,000 after acquiring an additional 43,801 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CMG. Wells Fargo & Company boosted their price objective on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday. Barclays raised their price objective on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Wedbush reissued an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, January 22nd. Finally, TD Cowen raised their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.88.

Insider Buying and Selling

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated 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 transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Up 1.6 %

NYSE:CMG opened at $59.18 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The firm’s 50 day moving average is $60.61 and its 200 day moving average is $57.72. The stock has a market capitalization of $80.64 billion, a PE ratio of 55.16, a price-to-earnings-growth ratio of 1.88 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, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

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.