Cullen Investment Group LTD. Invests $1.15 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cullen Investment Group LTD. acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 19,136 shares of the restaurant operator’s stock, valued at approximately $1,154,000.

Several other hedge funds have also recently bought and sold shares of the company. PSI Advisors LLC increased its stake in Chipotle Mexican Grill by 17.0% in the fourth quarter. PSI Advisors LLC now owns 3,100 shares of the restaurant operator’s stock valued at $187,000 after purchasing an additional 450 shares in the last quarter. Traveka Wealth LLC raised its stake in shares of Chipotle Mexican Grill by 8.5% during the fourth quarter. Traveka Wealth LLC now owns 7,181 shares of the restaurant operator’s stock valued at $433,000 after acquiring an additional 560 shares during the last quarter. First Financial Corp IN raised its holdings in Chipotle Mexican Grill by 321.0% in the 4th quarter. First Financial Corp IN now owns 842 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 642 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in Chipotle Mexican Grill by 19.6% during the 4th quarter. Pallas Capital Advisors LLC now owns 10,817 shares of the restaurant operator’s stock valued at $652,000 after acquiring an additional 1,775 shares during the period. Finally, Miracle Mile Advisors LLC boosted its stake in Chipotle Mexican Grill by 37.5% in the 4th quarter. Miracle Mile Advisors LLC now owns 131,784 shares of the restaurant operator’s stock worth $7,947,000 after purchasing an additional 35,915 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Down 0.5 %

Shares of CMG opened at $56.24 on Tuesday. The business has a 50-day simple moving average of $60.94 and a two-hundred day simple moving average of $57.96. Chipotle Mexican Grill, Inc. has a 12-month low of $45.50 and a 12-month high of $69.26. The stock has a market cap of $76.63 billion, a PE ratio of 52.35, a PEG ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CMG shares. Citigroup dropped their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Piper Sandler increased their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Raymond James raised their price target on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Jefferies Financial Group lifted their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, Wedbush reaffirmed an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.81.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.02% of the stock is currently owned by 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.