Metis Global Partners LLC Grows Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Metis Global Partners LLC boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,479 shares of the restaurant operator’s stock after buying an additional 2,816 shares during the quarter. Metis Global Partners LLC’s holdings in Chipotle Mexican Grill were worth $3,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Transcendent Capital Group LLC increased its position in Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after buying an additional 475 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Chipotle Mexican Grill in the third quarter worth $33,000. Sound Income Strategies LLC increased its position in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Chipotle Mexican Grill in the third quarter worth $37,000. Finally, Financial Life Planners purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth $45,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $54.04 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The company has a market cap of $73.25 billion, a PE ratio of 48.68, a P/E/G ratio of 2.04 and a beta of 1.27. The stock’s 50-day moving average is $57.38 and its 200 day moving average is $58.08.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results 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 return on equity of 42.92% and a net margin of 13.56%. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CMG shares. Raymond James decreased their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Citigroup lifted their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Oppenheimer lifted their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

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.