Prakash Investment Advisors LLC Makes New $434,000 Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Prakash Investment Advisors LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, Holdings Channel.com reports. The fund acquired 7,195 shares of the restaurant operator’s stock, valued at approximately $434,000.

Several other institutional investors also recently modified their holdings of the company. ING Groep NV grew its holdings in shares of Chipotle Mexican Grill by 203.4% during the 4th quarter. ING Groep NV now owns 524,132 shares of the restaurant operator’s stock worth $31,605,000 after purchasing an additional 351,382 shares in the last quarter. Elk River Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $208,000. Ieq Capital LLC grew its holdings in shares of Chipotle Mexican Grill by 46.3% during the 4th quarter. Ieq Capital LLC now owns 128,381 shares of the restaurant operator’s stock worth $7,741,000 after purchasing an additional 40,654 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 14.6% during the 4th quarter. Global Retirement Partners LLC now owns 41,853 shares of the restaurant operator’s stock worth $2,524,000 after purchasing an additional 5,345 shares in the last quarter. Finally, Semus Wealth Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 3.2% during the 4th quarter. Semus Wealth Partners LLC now owns 9,492 shares of the restaurant operator’s stock worth $572,000 after purchasing an additional 290 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent research reports. Wedbush decreased their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Oppenheimer boosted their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Raymond James decreased their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, Stephens decreased their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Ten equities research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Stock Down 1.4 %

CMG stock opened at $53.04 on Friday. The company has a market cap of $71.88 billion, a P/E ratio of 47.77, a PEG ratio of 2.10 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The business has a fifty day moving average of $58.91 and a 200-day moving average of $58.15.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 185,792 shares in the company, 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 legal filing with the SEC, which is available through this link. 1.02% of the stock is currently 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.