By otakuyassine3@gmail.com 
Alpha Cubed Investments LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 204,829 shares of the restaurant operator’s stock after purchasing an additional 14,538 shares during the period. Alpha Cubed Investments LLC’s holdings in Chipotle Mexican Grill were worth $12,351,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group raised its position in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the last quarter. ZRC Wealth Management LLC lifted its position in shares of Chipotle Mexican Grill by 384.0% in the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 384 shares in the last quarter. Transcendent Capital Group LLC lifted its position in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after buying an additional 475 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $32,000. Finally, Capital Performance Advisors LLP bought a new stake in Chipotle Mexican Grill during the third quarter worth $33,000. Institutional investors own 91.31% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on CMG shares. Barclays boosted their price objective on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Wells Fargo & Company upped their price objective on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Oppenheimer increased their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Stephens reaffirmed an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.81.
Get Our Latest Report on Chipotle Mexican Grill
Insider Buying and Selling
In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the 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 sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.02% of the stock is owned by corporate insiders.
Chipotle Mexican Grill Stock Performance
Shares of NYSE:CMG opened at $57.52 on Tuesday. The firm has a market cap of $78.38 billion, a P/E ratio of 53.54, a PEG ratio of 1.94 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $46.01 and a 52-week high of $69.26. The business’s 50 day simple moving average is $60.91 and its two-hundred day simple moving average is $57.83.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal 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.
Further Reading
Receive News & Ratings for Chipotle Mexican Grill Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Chipotle Mexican Grill and related companies with MarketBeat.com’s FREE daily email newsletter.