Stonebridge Financial Group LLC Makes New $311,000 Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Stonebridge Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,150 shares of the restaurant operator’s stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CMG. Geode Capital Management LLC boosted its position in Chipotle Mexican Grill by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock valued at $1,612,682,000 after buying an additional 438,007 shares during the period. Franklin Resources Inc. raised its stake in shares of Chipotle Mexican Grill by 2.9% during the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after acquiring an additional 381,873 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Chipotle Mexican Grill by 5.6% during the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after purchasing an additional 518,521 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Chipotle Mexican Grill by 11.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock worth $476,593,000 after purchasing an additional 858,704 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Chipotle Mexican Grill by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock valued at $472,505,000 after purchasing an additional 132,756 shares during the period. Institutional investors own 91.31% of the company’s stock.

Insider Activity

In related 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 completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Trading Down 2.7 %

CMG stock opened at $56.22 on Wednesday. The stock has a market capitalization of $76.60 billion, a PE ratio of 50.64, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26. The stock’s 50 day simple moving average is $60.03 and its 200 day simple moving average is $57.99.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CMG shares. Barclays dropped their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Jefferies Financial Group upped their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Wells Fargo & Company cut their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill 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.