Stonebridge Financial Group LLC Buys New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Stonebridge Financial Group LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,150 shares of the restaurant operator’s stock, valued at approximately $311,000.

Several other large investors have also bought and sold shares of the stock. Geode Capital Management LLC lifted its position in shares of Chipotle Mexican Grill by 1.6% during the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock valued at $1,612,682,000 after purchasing an additional 438,007 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Chipotle Mexican Grill by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after buying an additional 381,873 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Chipotle Mexican Grill by 5.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after buying an additional 518,521 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Chipotle Mexican Grill by 11.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock valued at $476,593,000 after acquiring an additional 858,704 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Chipotle Mexican Grill by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock valued at $472,505,000 after acquiring an additional 132,756 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Oppenheimer boosted their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price target for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Citigroup lifted their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. BMO Capital Markets increased their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Loop Capital lifted their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $56.22 on Wednesday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The firm has a market cap of $76.60 billion, a PE ratio of 50.64, a PEG ratio of 2.14 and a beta of 1.27. The company has a 50 day simple moving average of $60.03 and a two-hundred day simple moving average of $57.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.