Harel Insurance Investments & Financial Services Ltd. Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,463 shares of the restaurant operator’s stock after buying an additional 283 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Chipotle Mexican Grill were worth $149,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Sector Pension Investment Board boosted its position in Chipotle Mexican Grill by 8,266.2% during the second quarter. Public Sector Pension Investment Board now owns 50,950 shares of the restaurant operator’s stock valued at $3,192,000 after purchasing an additional 50,341 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of Chipotle Mexican Grill by 5,714.0% during the second quarter. Evergreen Capital Management LLC now owns 5,000 shares of the restaurant operator’s stock valued at $313,000 after buying an additional 4,914 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $106,000. Caxton Associates LP bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $479,000. Finally, APG Asset Management N.V. lifted its position in Chipotle Mexican Grill by 10,215.0% during the second quarter. APG Asset Management N.V. now owns 346,997 shares of the restaurant operator’s stock valued at $20,284,000 after acquiring an additional 343,633 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. TD Cowen upped their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday. Finally, Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Price Performance

CMG opened at $56.61 on Friday. The firm has a fifty day moving average price of $60.64 and a 200 day moving average price of $57.72. Chipotle Mexican Grill, Inc. has a 1 year low of $46.15 and a 1 year high of $69.26. The stock has a market cap of $77.14 billion, a P/E ratio of 52.69, a P/E/G ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill 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 transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.02% of the stock is currently owned by company insiders.

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.