L.M. Kohn & Company Acquires 536 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

L.M. Kohn & Company boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,245 shares of the restaurant operator’s stock after purchasing an additional 536 shares during the period. L.M. Kohn & Company’s holdings in Chipotle Mexican Grill were worth $799,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Alpha DNA Investment Management LLC raised its holdings in Chipotle Mexican Grill by 1.2% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock valued at $786,000 after buying an additional 168 shares during the period. Lecap Asset Management Ltd. raised its stake in shares of Chipotle Mexican Grill by 1.2% in the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock valued at $843,000 after acquiring an additional 175 shares during the period. Connable Office Inc. raised its stake in shares of Chipotle Mexican Grill by 0.6% in the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after acquiring an additional 178 shares during the period. Traynor Capital Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 2.5% in the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock worth $454,000 after acquiring an additional 181 shares during the last quarter. Finally, BTC Capital Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 1.9% during the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock worth $601,000 after purchasing an additional 184 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.8 %

Shares of CMG opened at $57.06 on Friday. The stock has a market cap of $77.74 billion, a PE ratio of 51.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. The firm’s fifty day moving average is $59.50 and its two-hundred day moving average is $58.07. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26.

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 net margin of 13.56% and a return on equity of 42.92%. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

CMG has been the subject of several analyst reports. BMO Capital Markets raised their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their price target for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Wedbush cut their price objective on 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. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Raymond James cut their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Insider Activity at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. 1.02% of the stock is owned by corporate insiders.

About Chipotle Mexican Grill

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.