By otakuyassine3@gmail.com 
OLD National Bancorp IN bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,568 shares of the restaurant operator’s stock, valued at approximately $215,000.
Other hedge funds have also recently bought and sold shares of the company. Alpha DNA Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 1.2% during the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after buying an additional 168 shares in the last quarter. Lecap Asset Management Ltd. increased its holdings in Chipotle Mexican Grill by 1.2% during the 3rd quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock valued at $843,000 after purchasing an additional 175 shares in the last quarter. Connable Office Inc. raised its position in Chipotle Mexican Grill by 0.6% in the 3rd quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after purchasing an additional 178 shares during the last quarter. Albion Financial Group UT grew its holdings in shares of Chipotle Mexican Grill by 14.4% during the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock worth $82,000 after purchasing an additional 180 shares during the last quarter. Finally, Traynor Capital Management Inc. increased its stake in shares of Chipotle Mexican Grill by 2.5% in the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock valued at $454,000 after buying an additional 181 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.
Chipotle Mexican Grill Trading Down 1.1 %
Shares of NYSE CMG opened at $58.34 on Monday. The company has a fifty day moving average price of $60.50 and a 200 day moving average price of $57.75. The firm has a market cap of $79.49 billion, a PE ratio of 54.30, a PEG ratio of 2.05 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26.
Analysts Set New Price Targets
Several research analysts recently issued reports on CMG shares. Robert W. Baird upped their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Citigroup decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Wedbush restated an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, January 22nd. Wells Fargo & Company upped their price target 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. Finally, Raymond James lowered their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.88.
Check Out Our Latest Report on Chipotle Mexican Grill
Insider Transactions at Chipotle Mexican Grill
In other 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 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. This represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.02% of the stock is currently owned by insiders.
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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