Lockheed Martin Investment Management Co. Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lockheed Martin Investment Management Co. raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.6% in the fourth quarter, HoldingsChannel reports. The firm owned 177,630 shares of the restaurant operator’s stock after buying an additional 29,140 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Chipotle Mexican Grill were worth $10,711,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Transcendent Capital Group LLC lifted its position in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $32,000. Capital Performance Advisors LLP purchased a new stake in Chipotle Mexican Grill in the third quarter worth $33,000. Global Trust Asset Management LLC purchased a new stake in Chipotle Mexican Grill in the third quarter worth $35,000. Finally, Sound Income Strategies LLC raised its holdings in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $59.10 on Wednesday. The company has a market capitalization of $80.53 billion, a PE ratio of 55.01, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The company’s fifty day moving average price is $60.43 and its 200-day moving average price is $57.80. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Loop Capital upped their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Oppenheimer raised their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. TD Cowen lifted their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Stephens restated an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.10.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.