Bradley Foster & Sargent Inc. CT Buys New Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bradley Foster & Sargent Inc. CT bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, Holdings Channel reports. The firm bought 3,332 shares of the restaurant operator’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Alpha DNA Investment Management LLC lifted its position in Chipotle Mexican Grill by 1.2% during the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock valued at $786,000 after purchasing an additional 168 shares in the last quarter. Connable Office Inc. lifted its position in Chipotle Mexican Grill by 0.6% during the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after purchasing an additional 178 shares in the last quarter. Traynor Capital Management Inc. lifted its position in Chipotle Mexican Grill by 2.5% during the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock valued at $454,000 after purchasing an additional 181 shares in the last quarter. BTC Capital Management Inc. lifted its position in Chipotle Mexican Grill by 1.9% during the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock valued at $601,000 after purchasing an additional 184 shares in the last quarter. Finally, Revolve Wealth Partners LLC lifted its position in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill 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 completion of the transaction, the insider now owns 185,792 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CMG shares. Citigroup raised their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Jefferies Financial Group raised their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. BMO Capital Markets raised their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. KeyCorp decreased their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Barclays decreased their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill Trading Down 3.0 %

CMG opened at $51.47 on Monday. The firm has a market cap of $69.76 billion, a P/E ratio of 46.36, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The stock has a 50-day moving average of $58.38 and a 200 day moving average of $58.16.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.