6,156 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,156 shares of the restaurant operator’s stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMG. Transcendent Capital Group LLC increased 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 valued at $30,000 after acquiring an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $32,000. Capital Performance Advisors LLP acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at about $33,000. Global Trust Asset Management LLC purchased a new position in shares of Chipotle Mexican Grill in the third quarter worth about $35,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Chipotle Mexican Grill by 1,110.0% during 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 period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Sanford C. Bernstein reissued an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Wedbush cut their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, BMO Capital Markets boosted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were 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 of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.1 %

NYSE:CMG opened at $57.29 on Friday. The firm has a market cap of $78.06 billion, a P/E ratio of 53.32, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The stock has a 50 day moving average of $60.17 and a two-hundred day moving average of $57.83. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share 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.