Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,979 shares of the restaurant operator’s stock after acquiring an additional 1,550 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Chipotle Mexican Grill were worth $2,290,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMG. Edgestream Partners L.P. increased its stake in Chipotle Mexican Grill by 3,447.7% during the 2nd quarter. Edgestream Partners L.P. now owns 5,428 shares of the restaurant operator’s stock worth $340,000 after buying an additional 5,275 shares during the period. XTX Topco Ltd purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $653,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Chipotle Mexican Grill by 4,729.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 26,613 shares of the restaurant operator’s stock worth $1,667,000 after acquiring an additional 26,062 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in Chipotle Mexican Grill by 4,187.5% in the second quarter. Benjamin Edwards Inc. now owns 686 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 670 shares during the last quarter. Finally, AE Wealth Management LLC grew its stake in Chipotle Mexican Grill by 8,633.1% during the 2nd quarter. AE Wealth Management LLC now owns 12,401 shares of the restaurant operator’s stock valued at $777,000 after purchasing an additional 12,259 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred on 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 directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Cowen increased their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays raised their price objective on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. Wells Fargo & Company boosted their price objective on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Wedbush reaffirmed an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Finally, Robert W. Baird boosted their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued 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 price target of $66.81.

Chipotle Mexican Grill Stock Down 1.4 %

Shares of CMG stock opened at $57.52 on Tuesday. The stock has a 50-day simple moving average of $60.91 and a 200 day simple moving average of $57.83. The stock has a market capitalization of $78.38 billion, a P/E ratio of 53.54, a P/E/G ratio of 1.91 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $46.01 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $0.23 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

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.