Plato Investment Management Ltd Has $1.54 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Plato Investment Management Ltd lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 51.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 25,505 shares of the restaurant operator’s stock after buying an additional 8,671 shares during the period. Plato Investment Management Ltd’s holdings in Chipotle Mexican Grill were worth $1,544,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CMG. US Bancorp DE lifted its position in shares of Chipotle Mexican Grill by 12.9% during the third quarter. US Bancorp DE now owns 115,987 shares of the restaurant operator’s stock worth $6,683,000 after purchasing an additional 13,237 shares in the last quarter. Stephens Inc. AR acquired a new position in Chipotle Mexican Grill in the third quarter valued at approximately $341,000. Focus Financial Network Inc. boosted its stake in Chipotle Mexican Grill by 9.3% in the third quarter. Focus Financial Network Inc. now owns 5,405 shares of the restaurant operator’s stock valued at $311,000 after acquiring an additional 462 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Chipotle Mexican Grill by 4.2% in the third quarter. Farther Finance Advisors LLC now owns 13,561 shares of the restaurant operator’s stock valued at $781,000 after acquiring an additional 545 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in Chipotle Mexican Grill by 6.8% in the third quarter. Chicago Partners Investment Group LLC now owns 12,218 shares of the restaurant operator’s stock valued at $721,000 after acquiring an additional 775 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CMG shares. Morgan Stanley raised shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $65.00 to $70.00 in a research note on Monday. KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Jefferies Financial Group raised their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their price objective for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.60.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the business’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 transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.7 %

Shares of CMG stock opened at $54.34 on Tuesday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The firm’s fifty day moving average price is $57.23 and its two-hundred day moving average price is $58.13. The firm has a market capitalization of $73.65 billion, a P/E ratio of 48.95, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly 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 net margin of 13.56% and a return on equity of 42.92%. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.