Oppenheimer & Co. Inc. Buys 3,206 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Oppenheimer & Co. Inc. lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 141,456 shares of the restaurant operator’s stock after acquiring an additional 3,206 shares during the period. Oppenheimer & Co. Inc.’s holdings in Chipotle Mexican Grill were worth $8,530,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 0.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 347,794 shares of the restaurant operator’s stock valued at $20,972,000 after buying an additional 2,351 shares during the period. Kovack Advisors Inc. bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $273,000. WT Wealth Management lifted its stake in shares of Chipotle Mexican Grill by 4.4% in the fourth quarter. WT Wealth Management now owns 41,324 shares of the restaurant operator’s stock valued at $2,492,000 after buying an additional 1,734 shares during the period. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Chipotle Mexican Grill by 3.0% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 544,600 shares of the restaurant operator’s stock valued at $32,839,000 after buying an additional 15,700 shares during the period. Finally, K.J. Harrison & Partners Inc lifted its stake in shares of Chipotle Mexican Grill by 46.7% in the fourth quarter. K.J. Harrison & Partners Inc now owns 50,250 shares of the restaurant operator’s stock valued at $3,009,000 after buying an additional 16,000 shares during the period. Institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of a number of analyst reports. Wedbush cut their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Cfra upgraded shares of 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. Citigroup raised their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Stifel Nicolaus cut 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 note on Wednesday, February 5th. Finally, Jefferies Financial Group raised their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Ten investment 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’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $52.76 on Friday. The firm has a market cap of $71.50 billion, a P/E ratio of 47.52, a P/E/G ratio of 2.04 and a beta of 1.27. The firm has a 50 day simple moving average of $57.53 and a 200 day simple moving average of $58.05. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (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, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.