Pacer Advisors Inc. Has $6.72 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Pacer Advisors Inc. lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 111,459 shares of the restaurant operator’s stock after acquiring an additional 9,884 shares during the period. Pacer Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $6,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMG. ZRC Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 384.0% during the third 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 during the period. Transcendent Capital Group LLC raised its stake in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after buying an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new position in Chipotle Mexican Grill in the third quarter worth approximately $32,000. Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill in the third quarter valued at approximately $33,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $35,000. 91.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the subject of several research reports. TD Cowen lifted their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Stephens reissued an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday. Wedbush reissued an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group lifted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.88.

Chipotle Mexican Grill Stock Up 0.9 %

Shares of CMG stock opened at $58.34 on Thursday. The stock has a market cap of $79.49 billion, a price-to-earnings ratio of 54.30, a PEG ratio of 1.88 and a beta of 1.27. The business’s fifty day moving average is $60.61 and its 200 day moving average is $57.72. Chipotle Mexican Grill, Inc. has a twelve month low of $47.88 and a twelve month high of $69.26.

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

Insider Buying and Selling at Chipotle Mexican Grill

In related 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 sale, the insider now owns 185,792 shares of the company’s stock, 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. 1.02% of the stock is 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.