19,136 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Purchased by Cullen Investment Group LTD.

Cullen Investment Group LTD. acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,136 shares of the restaurant operator’s stock, valued at approximately $1,154,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMG. PSI Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 17.0% in the 4th quarter. PSI Advisors LLC now owns 3,100 shares of the restaurant operator’s stock worth $187,000 after purchasing an additional 450 shares in the last quarter. Traveka Wealth LLC boosted its holdings in Chipotle Mexican Grill by 8.5% in the fourth quarter. Traveka Wealth LLC now owns 7,181 shares of the restaurant operator’s stock worth $433,000 after acquiring an additional 560 shares in the last quarter. First Financial Corp IN grew its stake in shares of Chipotle Mexican Grill by 321.0% in the fourth quarter. First Financial Corp IN now owns 842 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 642 shares during the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of Chipotle Mexican Grill by 19.6% during the fourth quarter. Pallas Capital Advisors LLC now owns 10,817 shares of the restaurant operator’s stock valued at $652,000 after acquiring an additional 1,775 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its position in shares of Chipotle Mexican Grill by 37.5% in the 4th quarter. Miracle Mile Advisors LLC now owns 131,784 shares of the restaurant operator’s stock worth $7,947,000 after purchasing an additional 35,915 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In other 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 of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the subject of several recent analyst reports. Citigroup decreased their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. 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. TD Cowen lifted their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets lifted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.81.

Chipotle Mexican Grill Stock Down 0.5 %

Shares of Chipotle Mexican Grill stock opened at $56.24 on Tuesday. The company has a market capitalization of $76.63 billion, a price-to-earnings ratio of 52.35, a PEG ratio of 2.64 and a beta of 1.27. The stock’s 50-day simple moving average is $60.94 and its 200-day simple moving average is $57.96. Chipotle Mexican Grill, Inc. has a 52 week low of $45.50 and a 52 week high of $69.26.

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

About Chipotle Mexican Grill

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.