Tobam Has $5.13 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Tobam reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 85,114 shares of the restaurant operator’s stock after selling 25,199 shares during the quarter. Chipotle Mexican Grill accounts for approximately 1.6% of Tobam’s portfolio, making the stock its 16th largest position. Tobam’s holdings in Chipotle Mexican Grill were worth $5,132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Chipotle Mexican Grill by 8.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 156,738 shares of the restaurant operator’s stock valued at $9,451,000 after purchasing an additional 11,726 shares during the period. Strategic Financial Concepts LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at about $800,000. Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $50,000. Argus Investors Counsel Inc. grew its position in shares of Chipotle Mexican Grill by 6.0% during the 4th quarter. Argus Investors Counsel Inc. now owns 7,958 shares of the restaurant operator’s stock worth $480,000 after buying an additional 453 shares during the period. Finally, YANKCOM Partnership bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $209,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

CMG stock opened at $57.27 on Friday. The stock has a market cap of $78.04 billion, a price-to-earnings ratio of 53.31, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The company has a fifty day moving average price of $60.27 and a two-hundred day moving average price of $57.84. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stephens reduced their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday. KeyCorp lowered their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday. Wedbush decreased their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday. Loop Capital raised their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.31.

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.