Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Strategic Advocates LLC

Strategic Advocates LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,486 shares of the restaurant operator’s stock after purchasing an additional 6,569 shares during the quarter. Chipotle Mexican Grill comprises about 0.9% of Strategic Advocates LLC’s investment portfolio, making the stock its 20th biggest position. Strategic Advocates LLC’s holdings in Chipotle Mexican Grill were worth $2,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its position in Chipotle Mexican Grill by 5,877.5% in the 2nd quarter. NewEdge Advisors LLC now owns 40,647 shares of the restaurant operator’s stock valued at $2,547,000 after buying an additional 39,967 shares during the last quarter. Quarry LP bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $37,000. Cetera Investment Advisers boosted its holdings in shares of Chipotle Mexican Grill by 5,997.4% in the 2nd quarter. Cetera Investment Advisers now owns 279,564 shares of the restaurant operator’s stock valued at $17,515,000 after buying an additional 274,979 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in Chipotle Mexican Grill by 4,614.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 108,900 shares of the restaurant operator’s stock worth $6,823,000 after acquiring an additional 106,590 shares during the period. Finally, Dana Investment Advisors Inc. boosted its position in Chipotle Mexican Grill by 5,146.9% during the 2nd quarter. Dana Investment Advisors Inc. now owns 8,500 shares of the restaurant operator’s stock valued at $533,000 after purchasing an additional 8,338 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $58.97 on Friday. The stock’s 50-day moving average is $60.59 and its two-hundred day moving average is $57.73. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The firm has a market cap of $80.35 billion, a P/E ratio of 54.88, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business 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%. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the company’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 transaction of $286,304.04. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CMG. Stephens reiterated an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Wells Fargo & Company increased their price objective on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Jefferies Financial Group lifted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Loop Capital raised their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Finally, Raymond James reduced their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.88.

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.