Laffer Tengler Investments Inc. Has $5.87 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Laffer Tengler Investments Inc. grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,389 shares of the restaurant operator’s stock after acquiring an additional 18,962 shares during the period. Laffer Tengler Investments Inc.’s holdings in Chipotle Mexican Grill were worth $5,873,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Stephens Inc. AR acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at $341,000. Farther Finance Advisors LLC raised its position in shares of Chipotle Mexican Grill by 4.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,561 shares of the restaurant operator’s stock valued at $781,000 after buying an additional 545 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Chipotle Mexican Grill by 4.2% during the third quarter. Janney Montgomery Scott LLC now owns 425,743 shares of the restaurant operator’s stock valued at $24,531,000 after purchasing an additional 17,268 shares in the last quarter. Confluence Wealth Services Inc. raised its holdings in shares of Chipotle Mexican Grill by 21.7% during the 3rd quarter. Confluence Wealth Services Inc. now owns 5,173 shares of the restaurant operator’s stock worth $298,000 after buying an additional 923 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Chipotle Mexican Grill by 10.8% in the third quarter. Van ECK Associates Corp now owns 348,430 shares of the restaurant operator’s stock worth $20,564,000 after acquiring an additional 34,081 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill 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 transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade 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. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $53.10 on Wednesday. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The company has a market cap of $71.96 billion, a PE ratio of 47.82, a PEG ratio of 2.04 and a beta of 1.27. The firm has a 50-day moving average of $57.05 and a 200-day moving average of $58.14.

Chipotle Mexican Grill (NYSE:CMG) last released 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%. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent research reports. Cfra raised 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 report on Wednesday, February 5th. Stephens decreased their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus cut their target price on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Oppenheimer lifted their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.60.

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.