Carnegie Investment Counsel Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Carnegie Investment Counsel grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 70.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 137,333 shares of the restaurant operator’s stock after purchasing an additional 56,730 shares during the quarter. Carnegie Investment Counsel’s holdings in Chipotle Mexican Grill were worth $8,281,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CMG. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the last quarter. ZRC Wealth Management LLC grew its holdings 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 worth $28,000 after buying an additional 384 shares during the last quarter. Transcendent Capital Group LLC grew its holdings in shares of 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 during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Chipotle Mexican Grill during the second quarter worth about $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill during the third quarter worth about $32,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on CMG. Jefferies Financial Group raised their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Loop Capital raised their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Citigroup lowered their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Raymond James lifted their price objective on Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Finally, BMO Capital Markets lifted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.81.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $58.36 on Friday. The stock has a market capitalization of $79.51 billion, a P/E ratio of 54.31, a PEG ratio of 1.91 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $45.62 and a one year high of $69.26. The company has a 50 day moving average price of $60.93 and a two-hundred day moving average price of $57.91.

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

About Chipotle Mexican Grill

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.