Strategic Advocates LLC Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Strategic Advocates LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,486 shares of the restaurant operator’s stock after purchasing an additional 6,569 shares during the quarter. Chipotle Mexican Grill accounts for 0.9% of Strategic Advocates LLC’s portfolio, making the stock its 20th largest position. Strategic Advocates LLC’s holdings in Chipotle Mexican Grill were worth $2,683,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 5,877.5% in the second quarter. NewEdge Advisors LLC now owns 40,647 shares of the restaurant operator’s stock worth $2,547,000 after buying an additional 39,967 shares during the last quarter. Quarry LP acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $37,000. Cetera Investment Advisers lifted its stake in shares of Chipotle Mexican Grill by 5,997.4% in the 2nd quarter. Cetera Investment Advisers now owns 279,564 shares of the restaurant operator’s stock valued at $17,515,000 after purchasing an additional 274,979 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in Chipotle Mexican Grill by 4,614.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 108,900 shares of the restaurant operator’s stock worth $6,823,000 after buying an additional 106,590 shares in the last quarter. Finally, Dana Investment Advisors Inc. grew its position in Chipotle Mexican Grill by 5,146.9% during the second quarter. Dana Investment Advisors Inc. now owns 8,500 shares of the restaurant operator’s stock valued at $533,000 after buying an additional 8,338 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday. Oppenheimer lifted their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Wells Fargo & Company increased their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday. Finally, BMO Capital Markets boosted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.88.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now directly 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 legal filing with the SEC, which is available through the SEC website. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Price Performance

CMG stock opened at $58.97 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The company has a market cap of $80.35 billion, a price-to-earnings ratio of 54.88, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27. The company has a fifty day moving average price of $60.59 and a 200 day moving average price of $57.73.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.82 billion. During the same quarter last year, the company posted $0.23 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

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.