Commerzbank Aktiengesellschaft FI Purchases 1,511 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Commerzbank Aktiengesellschaft FI boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,715 shares of the restaurant operator’s stock after acquiring an additional 1,511 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Chipotle Mexican Grill were worth $404,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC grew its position in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after buying an additional 475 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill in the third quarter valued at approximately $33,000. Sound Income Strategies LLC grew its holdings in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth $37,000. Finally, Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $45,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $53.62 on Thursday. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The firm’s fifty day moving average is $56.88 and its 200 day moving average is $58.10. The firm has a market cap of $72.68 billion, a PE ratio of 48.30, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its 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 return on equity of 42.92% and a net margin of 13.56%. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMG has been the topic of several research analyst reports. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Oppenheimer boosted their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Stephens lowered their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $65.00 to $70.00 in a research note on Monday. Finally, KeyCorp lowered 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. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $66.60.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.02% of the stock is owned by corporate 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.