Berkshire Bank Purchases Shares of 3,500 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Berkshire Bank bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,500 shares of the restaurant operator’s stock, valued at approximately $211,000.

A number of other hedge funds have also made changes to their positions in CMG. Mackenzie Financial Corp boosted its holdings in Chipotle Mexican Grill by 4,975.0% in the 2nd quarter. Mackenzie Financial Corp now owns 127,280 shares of the restaurant operator’s stock worth $7,974,000 after acquiring an additional 124,772 shares during the period. Driehaus Capital Management LLC boosted its stake in shares of Chipotle Mexican Grill by 4,213.0% in the second quarter. Driehaus Capital Management LLC now owns 11,300 shares of the restaurant operator’s stock valued at $708,000 after purchasing an additional 11,038 shares during the period. Creative Planning grew its holdings in Chipotle Mexican Grill by 5,498.1% during the 2nd quarter. Creative Planning now owns 242,957 shares of the restaurant operator’s stock valued at $15,221,000 after purchasing an additional 238,617 shares in the last quarter. Nemes Rush Group LLC increased its stake in Chipotle Mexican Grill by 7,976.9% during the 2nd quarter. Nemes Rush Group LLC now owns 3,150 shares of the restaurant operator’s stock worth $197,000 after buying an additional 3,111 shares during the period. Finally, Silver Lake Advisory LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter valued at about $330,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 2.8 %

NYSE CMG opened at $58.30 on Tuesday. Chipotle Mexican Grill, Inc. has a 52 week low of $46.29 and a 52 week high of $69.26. The stock has a market cap of $79.43 billion, a price-to-earnings ratio of 54.26, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. The company has a 50-day moving average price of $60.64 and a two-hundred day moving average price of $57.72.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 43.20% and a net margin of 13.51%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMG has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Wedbush restated an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, January 22nd. Barclays increased their target price on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. 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 research note on Monday, December 16th. Finally, Citigroup reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating on the stock in a research note on Monday. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.77.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.02% of the company’s stock.

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.