Bleakley Financial Group LLC Buys 1,532 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bleakley Financial Group LLC raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,503 shares of the restaurant operator’s stock after buying an additional 1,532 shares during the period. Bleakley Financial Group LLC’s holdings in Chipotle Mexican Grill were worth $2,563,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CMG. Transcendent Capital Group LLC lifted its position in shares of 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 purchasing an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth approximately $33,000. Global Trust Asset Management LLC bought a new stake in shares of Chipotle Mexican Grill in the third quarter valued at approximately $35,000. Finally, Sound Income Strategies LLC grew its stake in shares of Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CMG. Stifel Nicolaus cut their target price on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday. TD Cowen increased their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup increased their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets increased their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Finally, Loop Capital increased their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Chipotle Mexican Grill Stock Down 0.4 %

Shares of Chipotle Mexican Grill stock opened at $57.27 on Friday. The stock has a market capitalization of $78.04 billion, a P/E ratio of 53.31, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The company has a 50-day simple moving average of $60.27 and a 200 day simple moving average of $57.84. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s 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 transaction, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

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.