D Orazio & Associates Inc. increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 10.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,999 shares of the restaurant operator’s stock after purchasing an additional 362 shares during the quarter. D Orazio & Associates Inc.’s holdings in Chipotle Mexican Grill were worth $241,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of CMG. Geode Capital Management LLC boosted its holdings in Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after acquiring an additional 438,007 shares during the period. Franklin Resources Inc. lifted its position in shares of Chipotle Mexican Grill by 2.9% during the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after purchasing an additional 381,873 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Chipotle Mexican Grill by 5.6% in the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after purchasing an additional 518,521 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Chipotle Mexican Grill by 11.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock valued at $476,593,000 after purchasing an additional 858,704 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Chipotle Mexican Grill by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock worth $472,505,000 after buying an additional 132,756 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.
Insider Buying and Selling
In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s 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 completion of the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.02% of the company’s stock.
Chipotle Mexican Grill Stock Performance
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on CMG shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price target for the company from $59.00 to $73.00 in a report on Wednesday. Stifel Nicolaus dropped their price objective on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday. Stephens reduced their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, TD Cowen raised their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.31.
Check Out Our Latest Stock Report on CMG
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.
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