Global Wealth Strategies & Associates Buys 615 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Global Wealth Strategies & Associates boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 41.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,115 shares of the restaurant operator’s stock after purchasing an additional 615 shares during the quarter. Global Wealth Strategies & Associates’ holdings in Chipotle Mexican Grill were worth $128,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Archer Investment Corp acquired a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group raised its position in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the 2nd quarter worth approximately $27,000. MCF Advisors LLC grew its position in Chipotle Mexican Grill by 5,525.0% during the 2nd quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 442 shares during the last quarter. Finally, ZRC Wealth Management LLC increased its stake in Chipotle Mexican Grill by 384.0% during the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 384 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 0.5 %

CMG stock traded down $0.31 during mid-day trading on Thursday, reaching $59.99. The company’s stock had a trading volume of 2,938,546 shares, compared to its average volume of 13,141,393. The stock has a market cap of $81.74 billion, a PE ratio of 55.84, a P/E/G ratio of 2.64 and a beta of 1.27. The company’s 50 day moving average is $60.97 and its two-hundred day moving average is $80.94. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.08 and a fifty-two week high of $69.26.

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

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill 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 completion of the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. This represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.02% of the stock is owned by insiders.

Analyst Ratings Changes

CMG has been the topic of a number of research analyst reports. Stephens reissued an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Raymond James increased their price objective on Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Oppenheimer reaffirmed an “outperform” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Wells Fargo & Company increased their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada lifted their price objective on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.55.

Chipotle Mexican Grill Company 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.