Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,850 shares of the restaurant operator’s stock after buying an additional 1,950 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Chipotle Mexican Grill were worth $3,155,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Clean Yield Group raised its holdings in shares of Chipotle Mexican Grill by 5.1% in the 4th quarter. Clean Yield Group now owns 62,482 shares of the restaurant operator’s stock valued at $3,768,000 after buying an additional 3,006 shares during the period. Salem Investment Counselors Inc. raised its position in shares of Chipotle Mexican Grill by 27.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,483 shares of the restaurant operator’s stock worth $89,000 after acquiring an additional 323 shares in the last quarter. CHICAGO TRUST Co NA lifted its position in shares of Chipotle Mexican Grill by 3.4% during the 4th quarter. CHICAGO TRUST Co NA now owns 26,786 shares of the restaurant operator’s stock worth $1,615,000 after buying an additional 886 shares during the last quarter. Trust Co. of Toledo NA OH lifted its position in Chipotle Mexican Grill by 11.4% in the fourth quarter. Trust Co. of Toledo NA OH now owns 20,438 shares of the restaurant operator’s stock valued at $1,232,000 after acquiring an additional 2,087 shares during the last quarter. Finally, Czech National Bank boosted its position in shares of Chipotle Mexican Grill by 5.9% in the 4th quarter. Czech National Bank now owns 295,438 shares of the restaurant operator’s stock valued at $17,815,000 after purchasing an additional 16,462 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CMG shares. BMO Capital Markets lifted their target price 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. Wedbush reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Wells Fargo & Company increased their target price on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Stephens restated an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Finally, Oppenheimer boosted 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. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

Chipotle Mexican Grill Trading Down 0.2 %

Shares of Chipotle Mexican Grill stock traded down $0.12 on Monday, reaching $56.38. 5,204,691 shares of the company were exchanged, compared to its average volume of 7,905,994. Chipotle Mexican Grill, Inc. has a fifty-two week low of $45.50 and a fifty-two week high of $69.26. The stock has a fifty day moving average price of $60.94 and a 200-day moving average price of $58.00. The firm has a market capitalization of $76.82 billion, a price-to-earnings ratio of 52.48, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

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 stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, 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 can be accessed through the SEC website. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Company 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.