Cornerstone Wealth Group LLC Grows Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cornerstone Wealth Group LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,139 shares of the restaurant operator’s stock after acquiring an additional 588 shares during the period. Cornerstone Wealth Group LLC’s holdings in Chipotle Mexican Grill were worth $250,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Alpha DNA Investment Management LLC grew its holdings in shares of Chipotle Mexican Grill by 1.2% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after purchasing an additional 168 shares during the period. Lecap Asset Management Ltd. increased its position in shares of Chipotle Mexican Grill by 1.2% during the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock valued at $843,000 after acquiring an additional 175 shares during the last quarter. Connable Office Inc. raised its stake in shares of Chipotle Mexican Grill by 0.6% in the 3rd quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after acquiring an additional 178 shares during the period. Albion Financial Group UT lifted its holdings in shares of Chipotle Mexican Grill by 14.4% in the 3rd quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock worth $82,000 after acquiring an additional 180 shares during the last quarter. Finally, Traynor Capital Management Inc. boosted its position in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock worth $454,000 after purchasing an additional 181 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $58.30 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $46.29 and a 12 month high of $69.26. The company has a market capitalization of $79.43 billion, a price-to-earnings ratio of 54.26, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. The firm’s fifty day moving average price is $60.64 and its 200 day moving average price is $57.72.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the company earned $0.23 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

CMG has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Citigroup decreased their target price on Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating on the stock in a research note on Monday. Barclays lifted their target price on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Raymond James boosted their price target on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Finally, Oppenheimer raised their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.77.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value 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. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.