Birinyi Associates Inc. Raises Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Birinyi Associates Inc. grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,020 shares of the restaurant operator’s stock after purchasing an additional 1,480 shares during the quarter. Chipotle Mexican Grill makes up about 1.8% of Birinyi Associates Inc.’s investment portfolio, making the stock its 13th biggest position. Birinyi Associates Inc.’s holdings in Chipotle Mexican Grill were worth $6,514,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Transcendent Capital Group LLC raised its position in shares of Chipotle Mexican Grill by 950.0% in 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. Capital Performance Advisors LLP purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth $33,000. Sound Income Strategies LLC increased its holdings in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $37,000. Finally, Financial Life Planners acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling

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. 1.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CMG has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Raymond James lowered their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Evercore ISI raised their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Robert W. Baird raised their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Ten 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Trading Up 2.6 %

CMG opened at $52.53 on Wednesday. The business’s 50 day moving average is $57.87 and its 200-day moving average is $58.12. The stock has a market cap of $71.20 billion, a PE ratio of 47.32, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping 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%. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.