Ieq Capital LLC Has $7.74 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ieq Capital LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 46.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 128,381 shares of the restaurant operator’s stock after purchasing an additional 40,654 shares during the quarter. Ieq Capital LLC’s holdings in Chipotle Mexican Grill were worth $7,741,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in 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 valued at $2,524,000 after purchasing an additional 5,345 shares during the period. Semus Wealth Partners LLC grew its position 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 buying an additional 290 shares during the period. Wilkinson Global Asset Management LLC grew its position in shares of Chipotle Mexican Grill by 27.8% during the 4th quarter. Wilkinson Global Asset Management LLC now owns 578,602 shares of the restaurant operator’s stock worth $34,890,000 after buying an additional 125,815 shares during the period. Valley Wealth Managers Inc. grew its position in shares of Chipotle Mexican Grill by 16.4% during the 4th quarter. Valley Wealth Managers Inc. now owns 23,576 shares of the restaurant operator’s stock worth $1,422,000 after buying an additional 3,326 shares during the period. Finally, Bfsg LLC grew its position in shares of Chipotle Mexican Grill by 9.4% during the 4th quarter. Bfsg LLC now owns 58,319 shares of the restaurant operator’s stock worth $3,517,000 after buying an additional 4,996 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the firm’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 directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CMG shares. Jefferies Financial Group raised their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Wells Fargo & Company reduced their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Wedbush reduced their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Finally, 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 report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Trading Down 1.4 %

Shares of NYSE:CMG opened at $53.04 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The stock has a market cap of $71.88 billion, a PE ratio of 47.77, a price-to-earnings-growth ratio of 2.10 and a beta of 1.27. The stock’s fifty day simple moving average is $58.91 and its two-hundred day simple moving average is $58.15.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.