Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 51.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,708 shares of the restaurant operator’s stock after purchasing an additional 3,621 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ZRC Wealth Management LLC increased its position in Chipotle Mexican Grill by 384.0% in the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 384 shares during the period. Transcendent Capital Group LLC raised its stake in shares of Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth $32,000. Capital Performance Advisors LLP purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at $33,000. Finally, Global Trust Asset Management LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $35,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of recent analyst reports. Barclays raised their price objective on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Citigroup lowered 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. Stephens restated an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday. Finally, 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 report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.88.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $58.97 on Friday. The company has a market cap of $80.35 billion, a P/E ratio of 54.88, a P/E/G ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The company has a 50-day moving average of $60.59 and a 200-day moving average of $57.73.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm posted $0.23 earnings per share. Chipotle Mexican Grill’s revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

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.