Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,957 shares of the restaurant operator’s stock after acquiring an additional 482 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $1,806,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its position in Chipotle Mexican Grill by 4,408.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,050 shares of the restaurant operator’s stock worth $316,000 after purchasing an additional 4,938 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in Chipotle Mexican Grill during the second quarter worth approximately $200,000. Moors & Cabot Inc. increased its position in shares of Chipotle Mexican Grill by 9,674.0% in the second quarter. Moors & Cabot Inc. now owns 17,300 shares of the restaurant operator’s stock worth $1,084,000 after acquiring an additional 17,123 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of Chipotle Mexican Grill by 3,447.7% in the 2nd quarter. Edgestream Partners L.P. now owns 5,428 shares of the restaurant operator’s stock valued at $340,000 after acquiring an additional 5,275 shares during the period. Finally, Stock Yards Bank & Trust Co. lifted its holdings in shares of Chipotle Mexican Grill by 5,117.4% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 4,800 shares of the restaurant operator’s stock valued at $301,000 after acquiring an additional 4,708 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the 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 sale, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on CMG shares. Robert W. Baird increased their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Oppenheimer raised their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Wells Fargo & Company boosted their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada increased their price objective on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

View Our Latest Report on CMG

Chipotle Mexican Grill Trading Up 1.7 %

CMG stock opened at $58.36 on Friday. The stock’s 50 day simple moving average is $60.93 and its 200 day simple moving average is $57.91. Chipotle Mexican Grill, Inc. has a 12-month low of $45.62 and a 12-month high of $69.26. The firm has a market cap of $79.51 billion, a P/E ratio of 54.31, a P/E/G ratio of 1.91 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted 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 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 period last year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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