Graypoint LLC Has $523,000 Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Graypoint LLC grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,668 shares of the restaurant operator’s stock after purchasing an additional 333 shares during the period. Graypoint LLC’s holdings in Chipotle Mexican Grill were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMG. Ashton Thomas Private Wealth LLC bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth $123,000. AGF Management Ltd. raised its position in Chipotle Mexican Grill by 4,818.8% in the second quarter. AGF Management Ltd. now owns 40,875 shares of the restaurant operator’s stock valued at $2,561,000 after purchasing an additional 40,044 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in shares of Chipotle Mexican Grill during the second quarter valued at about $701,000. Johnson Investment Counsel Inc. grew its holdings in shares of Chipotle Mexican Grill by 6,993.1% during the second quarter. Johnson Investment Counsel Inc. now owns 5,107 shares of the restaurant operator’s stock worth $320,000 after purchasing an additional 5,035 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Chipotle Mexican Grill by 9,164.0% in the second quarter. Oppenheimer & Co. Inc. now owns 148,410 shares of the restaurant operator’s stock valued at $9,298,000 after buying an additional 146,808 shares during the period. 91.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent research reports. Barclays lifted their target price on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Robert W. Baird increased their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Evercore ISI lifted their price objective 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. Finally, Oppenheimer increased their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.81.

Chipotle Mexican Grill Stock Down 2.4 %

Shares of Chipotle Mexican Grill stock opened at $56.54 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $44.53 and a 52 week high of $69.26. The business has a 50 day moving average price of $60.94 and a 200-day moving average price of $58.05. The company has a market cap of $77.04 billion, a PE ratio of 52.62, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm posted $0.23 EPS. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

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 insiders.

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.