Burns J W & Co. Inc. NY Grows Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Burns J W & Co. Inc. NY raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 75.4% in the fourth quarter, Holdings Channel reports. The firm owned 15,470 shares of the restaurant operator’s stock after acquiring an additional 6,650 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Chipotle Mexican Grill were worth $933,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CMG. Shellback Capital LP boosted its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after purchasing an additional 122,500 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Chipotle Mexican Grill by 5,897.8% during the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after purchasing an additional 48,126 shares in the last quarter. L & S Advisors Inc purchased a new stake in shares of Chipotle Mexican Grill during the third quarter valued at $3,256,000. Optas LLC increased its holdings in Chipotle Mexican Grill by 318.5% in the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after buying an additional 13,060 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth about $758,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.02% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on CMG shares. Stephens reiterated an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Royal Bank of Canada lifted their target price on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Jefferies Financial Group increased their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Barclays upped their price objective 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. Finally, Raymond James boosted their price target on Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.81.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded down $0.26 during mid-day trading on Monday, hitting $56.24. 8,132,713 shares of the stock were exchanged, compared to its average volume of 8,368,319. The firm has a 50-day moving average of $60.94 and a two-hundred day moving average of $58.00. Chipotle Mexican Grill, Inc. has a 52-week low of $45.50 and a 52-week high of $69.26. The company has a market cap of $76.63 billion, a PE ratio of 52.35, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

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