Secure Asset Management LLC Purchases 1,769 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Secure Asset Management LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,974 shares of the restaurant operator’s stock after buying an additional 1,769 shares during the period. Secure Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $541,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CMG. Public Sector Pension Investment Board lifted its stake in shares of Chipotle Mexican Grill by 8,266.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 50,950 shares of the restaurant operator’s stock valued at $3,192,000 after purchasing an additional 50,341 shares during the period. Evergreen Capital Management LLC increased its holdings in Chipotle Mexican Grill by 5,714.0% in the second quarter. Evergreen Capital Management LLC now owns 5,000 shares of the restaurant operator’s stock worth $313,000 after purchasing an additional 4,914 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Chipotle Mexican Grill in the second quarter valued at approximately $106,000. Caxton Associates LP bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $479,000. Finally, APG Asset Management N.V. grew its position in shares of Chipotle Mexican Grill by 10,215.0% during the 2nd quarter. APG Asset Management N.V. now owns 346,997 shares of the restaurant operator’s stock worth $20,284,000 after buying an additional 343,633 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Down 1.6 %

Shares of NYSE CMG opened at $56.61 on Friday. The stock has a fifty day simple moving average of $60.68 and a two-hundred day simple moving average of $57.74. Chipotle Mexican Grill, Inc. has a 1-year low of $46.15 and a 1-year high of $69.26. The firm has a market cap of $77.14 billion, a price-to-earnings ratio of 52.69, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued 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. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on CMG shares. Barclays increased 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 note on Tuesday, January 7th. Stephens reaffirmed an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Citigroup cut their target price on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Evercore ISI upped their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Raymond James boosted their target price on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.81.

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.