ABC Arbitrage SA Purchases New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

ABC Arbitrage SA purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,677 shares of the restaurant operator’s stock, valued at approximately $1,367,000.

Several other large investors have also added to or reduced their stakes in CMG. Sanctuary Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $186,000. Creative Planning lifted its position in shares of Chipotle Mexican Grill by 82.9% during the 3rd quarter. Creative Planning now owns 444,354 shares of the restaurant operator’s stock worth $25,604,000 after buying an additional 201,397 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Chipotle Mexican Grill by 9.1% during the 3rd quarter. Global Retirement Partners LLC now owns 36,508 shares of the restaurant operator’s stock worth $2,104,000 after buying an additional 3,040 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Chipotle Mexican Grill by 2.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 145,012 shares of the restaurant operator’s stock worth $8,356,000 after buying an additional 3,762 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its position in shares of Chipotle Mexican Grill by 15.0% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 4,037 shares of the restaurant operator’s stock worth $233,000 after buying an additional 526 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CMG. Wedbush dropped their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Cfra raised shares of 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 report on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, Loop Capital lifted their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Price Performance

CMG opened at $57.06 on Friday. The company has a fifty day moving average price of $59.50 and a 200-day moving average price of $58.07. The firm has a market capitalization of $77.74 billion, a P/E ratio of 51.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26.

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

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the 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 owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is owned by insiders.

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.