Global Retirement Partners LLC Buys 5,345 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Global Retirement Partners LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.6% during the fourth quarter, HoldingsChannel reports. The firm owned 41,853 shares of the restaurant operator’s stock after acquiring an additional 5,345 shares during the period. Global Retirement Partners LLC’s holdings in Chipotle Mexican Grill were worth $2,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of CMG. Golden State Wealth Management LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $371,000. U.S. Capital Wealth Advisors LLC grew its stake in Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after buying an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $715,000. Hantz Financial Services Inc. grew its stake in 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 valued at $2,820,000 after buying an additional 48,126 shares in the last quarter. Finally, L & S Advisors Inc purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at approximately $3,256,000. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CMG shares. Robert W. Baird lifted their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Citigroup boosted their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Stock Down 1.4 %

Chipotle Mexican Grill stock opened at $53.04 on Friday. The company has a market capitalization of $71.88 billion, a PE ratio of 47.77, a P/E/G ratio of 2.10 and a beta of 1.27. The firm has a fifty day simple moving average of $58.91 and a two-hundred day simple moving average of $58.15. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26.

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

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on 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 $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.02% of the stock is currently owned by insiders.

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.