Paradigm Asset Management Co. LLC Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Paradigm Asset Management Co. LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,300 shares of the restaurant operator’s stock, valued at approximately $139,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Compass Capital Corp MA ADV acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $371,000. Centricity Wealth Management LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $101,000. Prakash Investment Advisors LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $434,000. ING Groep NV grew its stake in Chipotle Mexican Grill by 203.4% during the 4th quarter. ING Groep NV now owns 524,132 shares of the restaurant operator’s stock worth $31,605,000 after purchasing an additional 351,382 shares in the last quarter. Finally, Elk River Wealth Management LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth about $208,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chipotle Mexican Grill

In related 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 completion of the sale, the insider now owns 185,792 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Down 3.0 %

Shares of Chipotle Mexican Grill stock opened at $51.47 on Friday. The firm has a market cap of $69.76 billion, a price-to-earnings ratio of 46.36, a price-to-earnings-growth ratio of 2.07 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. The company’s 50-day simple moving average is $58.64 and its 200-day simple moving average is $58.11.

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

Analyst Ratings Changes

CMG has been the subject of several recent research reports. Citigroup lifted their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Evercore ISI increased their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised 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. KeyCorp cut their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price target for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $66.31.

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.