Sanders Morris Harris LLC Purchases New Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sanders Morris Harris LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,900 shares of the restaurant operator’s stock, valued at approximately $358,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. ERn Financial LLC increased its position in Chipotle Mexican Grill by 2.3% during the 4th quarter. ERn Financial LLC now owns 11,452 shares of the restaurant operator’s stock worth $691,000 after purchasing an additional 258 shares during the period. Avity Investment Management Inc. acquired a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $28,600,000. Clarus Wealth Advisors increased its position in Chipotle Mexican Grill by 17.8% during the 4th quarter. Clarus Wealth Advisors now owns 13,428 shares of the restaurant operator’s stock worth $755,000 after purchasing an additional 2,032 shares during the period. Park Avenue Securities LLC increased its position in Chipotle Mexican Grill by 16.1% during the 4th quarter. Park Avenue Securities LLC now owns 32,472 shares of the restaurant operator’s stock worth $1,958,000 after purchasing an additional 4,497 shares during the period. Finally, Board of the Pension Protection Fund acquired a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $1,182,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.3 %

Shares of Chipotle Mexican Grill stock traded up $0.74 during trading hours on Thursday, reaching $58.11. 749,965 shares of the company’s stock were exchanged, compared to its average volume of 7,591,379. Chipotle Mexican Grill, Inc. has a 52-week low of $45.62 and a 52-week high of $69.26. The firm has a market capitalization of $79.18 billion, a price-to-earnings ratio of 54.09, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. The company has a fifty day moving average of $60.94 and a 200-day moving average of $57.91.

Chipotle Mexican Grill (NYSE:CMG) last issued 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. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CMG shares. Evercore ISI boosted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. BMO Capital Markets boosted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Stephens reiterated an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. TD Cowen upped their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Raymond James upped their price target on Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.81.

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 transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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.