Jacobi Capital Management LLC Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Jacobi Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 3,335 shares of the restaurant operator’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMG. Alphinity Investment Management Pty Ltd acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $692,701,000. Thrivent Financial for Lutherans boosted its holdings in shares of Chipotle Mexican Grill by 674.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after buying an additional 1,848,625 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Chipotle Mexican Grill by 123.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock worth $142,398,000 after buying an additional 1,364,635 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 224.2% in the third quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock worth $97,750,000 after buying an additional 1,173,207 shares during the period. Finally, Premier Fund Managers Ltd acquired a new position in shares of Chipotle Mexican Grill in the third quarter worth about $57,335,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $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 available through the SEC website. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Trading Up 0.7 %

Chipotle Mexican Grill stock opened at $54.34 on Tuesday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The company has a market cap of $73.65 billion, a PE ratio of 48.95, a PEG ratio of 2.04 and a beta of 1.27. The company’s 50-day moving average is $57.23 and its two-hundred day moving average is $58.13.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating 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%. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CMG shares. Evercore ISI raised their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Stephens cut their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Barclays cut their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Cfra raised shares of 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 research report on Wednesday, February 5th. Finally, Oppenheimer raised their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Nine 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 stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target 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.