CWA Asset Management Group LLC Purchases 6,248 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

CWA Asset Management Group LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 50.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,734 shares of the restaurant operator’s stock after acquiring an additional 6,248 shares during the quarter. CWA Asset Management Group LLC’s holdings in Chipotle Mexican Grill were worth $1,130,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CMG. Geode Capital Management LLC lifted its position in Chipotle Mexican Grill by 1.6% in the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after purchasing an additional 438,007 shares during the period. American Century Companies Inc. boosted its position in shares of Chipotle Mexican Grill by 4,732.3% during the 2nd quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after acquiring an additional 19,759,754 shares in the last quarter. Franklin Resources Inc. increased its stake in Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after acquiring an additional 381,873 shares during the period. Legal & General Group Plc raised its position in Chipotle Mexican Grill by 5,209.5% in the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after purchasing an additional 10,729,706 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Chipotle Mexican Grill by 5,930.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after purchasing an additional 10,139,174 shares during the period. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Down 1.4 %

Chipotle Mexican Grill stock opened at $57.97 on Wednesday. The firm has a market capitalization of $78.99 billion, a P/E ratio of 53.96, a PEG ratio of 2.64 and a beta of 1.27. The business has a 50-day moving average of $60.90 and a 200-day moving average of $80.83. Chipotle Mexican Grill, Inc. has a 1 year low of $44.08 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated 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 $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CMG shares. Raymond James upped their price objective on Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Loop Capital increased their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted 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 note on Wednesday, October 30th. Citigroup dropped their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Stephens restated an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

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.