Chicago Capital LLC Buys New Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Chicago Capital LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 9,700 shares of the restaurant operator’s stock, valued at approximately $585,000.

Other hedge funds have also bought and sold shares of the company. Transcendent Capital Group LLC raised its holdings in shares of Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 475 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Chipotle Mexican Grill in the third quarter worth $32,000. Capital Performance Advisors LLP purchased a new stake in Chipotle Mexican Grill during the third quarter valued at $33,000. Global Trust Asset Management LLC bought a new position in Chipotle Mexican Grill during the third quarter valued at $35,000. Finally, Sound Income Strategies LLC lifted its position in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.0 %

Shares of CMG opened at $58.36 on Tuesday. The firm has a market cap of $79.53 billion, a PE ratio of 54.32, a P/E/G ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The stock has a fifty day moving average price of $60.50 and a 200-day moving average price of $57.77.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 185,792 shares in the company, valued at approximately $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 can be accessed through the SEC website. 1.02% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on CMG shares. BMO Capital Markets upped their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Evercore ISI upped their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Piper Sandler lifted their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stephens reissued 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. Finally, Citigroup lowered their price target on Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $66.88.

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.