Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.2% during the 4th quarter, HoldingsChannel reports. The firm owned 46,698 shares of the restaurant operator’s stock after purchasing an additional 986 shares during the period. Great Lakes Retirement Inc.’s holdings in Chipotle Mexican Grill were worth $2,816,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMG. Transcendent Capital Group LLC raised its position in shares of Chipotle Mexican Grill by 950.0% during 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 last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth about $32,000. Capital Performance Advisors LLP acquired a new position in Chipotle Mexican Grill during the third quarter valued at approximately $33,000. Global Trust Asset Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter worth about $35,000. Finally, Sound Income Strategies LLC boosted its position in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMG. Wedbush decreased their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price target for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus decreased their price objective on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, Jefferies Financial Group boosted their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $56.22 on Wednesday. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The firm has a market cap of $76.60 billion, a PE ratio of 50.64, a PEG ratio of 2.14 and a beta of 1.27. The firm’s 50 day moving average price is $60.03 and its 200-day moving average price is $57.99.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.02% of the company’s stock.

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.