Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 46.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,250 shares of the restaurant operator’s stock after purchasing an additional 16,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Chipotle Mexican Grill were worth $3,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Lineweaver Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $213,000. Heritage Investors Management Corp boosted its position in Chipotle Mexican Grill by 0.9% during the fourth quarter. Heritage Investors Management Corp now owns 415,163 shares of the restaurant operator’s stock worth $25,034,000 after acquiring an additional 3,807 shares during the last quarter. NewEdge Wealth LLC grew its stake in Chipotle Mexican Grill by 6.5% in the 4th quarter. NewEdge Wealth LLC now owns 56,842 shares of the restaurant operator’s stock worth $3,428,000 after acquiring an additional 3,457 shares during the period. Fjell Capital LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $1,149,000. Finally, Sitrin Capital Management LLC raised its holdings in Chipotle Mexican Grill by 1.1% in the 4th quarter. Sitrin Capital Management LLC now owns 74,812 shares of the restaurant operator’s stock valued at $4,511,000 after acquiring an additional 823 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction dated 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 transaction, the insider now 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 document filed with the SEC, which is accessible through this link. Insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CMG shares. Jefferies Financial Group lifted their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Stifel Nicolaus lowered their price target on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Robert W. Baird increased their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wedbush decreased 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. Finally, TD Cowen upped their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Chipotle Mexican Grill Stock Up 1.8 %

CMG opened at $53.43 on Thursday. The firm’s 50 day moving average is $57.71 and its 200-day moving average is $58.09. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The firm has a market capitalization of $72.41 billion, a P/E ratio of 48.12, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) 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%. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.