Miracle Mile Advisors LLC Has $7.95 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Miracle Mile Advisors LLC boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 37.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,784 shares of the restaurant operator’s stock after buying an additional 35,915 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Chipotle Mexican Grill were worth $7,947,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group raised its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the last quarter. ZRC Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 384 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Chipotle Mexican Grill in the second quarter valued at about $31,000. Transcendent Capital Group LLC grew its position in Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after buying an additional 475 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Chipotle Mexican Grill during the third quarter valued at about $32,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.5 %

Shares of NYSE:CMG traded down $0.26 during midday trading on Monday, hitting $56.24. The company had a trading volume of 8,134,981 shares, compared to its average volume of 8,371,917. Chipotle Mexican Grill, Inc. has a 12 month low of $45.50 and a 12 month high of $69.26. The firm has a fifty day simple moving average of $60.94 and a 200 day simple moving average of $58.00. The stock has a market cap of $76.63 billion, a price-to-earnings ratio of 52.35, a PEG ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its 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. The firm had revenue of $2.79 billion for 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 company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Raymond James lifted their price objective on Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Evercore ISI boosted their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. BMO Capital Markets raised their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Stephens reissued 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, Royal Bank of Canada lifted their price objective on Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $66.81.

Insider Activity at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated 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 $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

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.