Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 364.1% in the fourth quarter, HoldingsChannel reports. The firm owned 228,622 shares of the restaurant operator’s stock after purchasing an additional 179,365 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Chipotle Mexican Grill were worth $13,786,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CMG. Golden State Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $371,000. U.S. Capital Wealth Advisors LLC increased its holdings in Chipotle Mexican Grill by 155.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after buying an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $715,000. Hantz Financial Services Inc. lifted its holdings in Chipotle Mexican Grill by 5,897.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after buying an additional 48,126 shares during the last quarter. Finally, L & S Advisors Inc acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $3,256,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CMG. Raymond James dropped their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Evercore ISI increased their target price 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. Stephens decreased their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Jefferies Financial Group increased their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Finally, KeyCorp cut their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.60.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 2.3 %

CMG stock opened at $53.10 on Wednesday. The firm’s 50-day moving average is $57.05 and its two-hundred day moving average is $58.14. The company has a market capitalization of $71.96 billion, a price-to-earnings ratio of 47.82, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.