Evermay Wealth Management LLC Boosts Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Evermay Wealth Management LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,048 shares of the restaurant operator’s stock after buying an additional 333 shares during the quarter. Evermay Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $726,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CMG. Hantz Financial Services Inc. grew its position in shares of Chipotle Mexican Grill by 5,897.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after buying an additional 48,126 shares during the last quarter. L & S Advisors Inc bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $3,256,000. Optas LLC boosted its holdings in Chipotle Mexican Grill by 318.5% in the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after acquiring an additional 13,060 shares in the last quarter. Harrell Investment Partners LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $2,513,000. Finally, Savvy Advisors Inc. purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth about $758,000. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CMG. Raymond James cut their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday. Jefferies Financial Group raised their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Robert W. Baird upped their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Loop Capital upped their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.88.

Chipotle Mexican Grill Trading Down 1.1 %

Shares of CMG opened at $58.34 on Friday. The company has a market capitalization of $79.49 billion, a PE ratio of 54.30, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27. The business’s 50 day moving average is $60.50 and its 200 day moving average is $57.75. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business posted $0.23 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.02% of the company’s stock.

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.