Nilsine Partners LLC Buys 7,070 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nilsine Partners LLC grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 30.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 30,264 shares of the restaurant operator’s stock after buying an additional 7,070 shares during the quarter. Nilsine Partners LLC’s holdings in Chipotle Mexican Grill were worth $1,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its position in Chipotle Mexican Grill by 5,897.8% in the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after acquiring an additional 48,126 shares in the last quarter. L & S Advisors Inc bought a new stake in Chipotle Mexican Grill during the third quarter worth about $3,256,000. Optas LLC boosted its holdings in shares of 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 purchasing an additional 13,060 shares in the last quarter. Harrell Investment Partners LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $2,513,000. Finally, Savvy Advisors Inc. bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $758,000. Institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of several research reports. Evercore ISI upped their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Raymond James upped their price objective on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Wells Fargo & Company increased their target price on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Loop Capital boosted their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Finally, Barclays raised their price objective on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.77.

View Our Latest Stock Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $58.30 on Tuesday. The firm has a market capitalization of $79.43 billion, a P/E ratio of 54.26, a PEG ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $46.29 and a one year high of $69.26. The company’s 50-day simple moving average is $60.64 and its 200 day simple moving average is $57.72.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report).

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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