Mitchell Capital Management Co. Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mitchell Capital Management Co. boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,499 shares of the restaurant operator’s stock after purchasing an additional 725 shares during the quarter. Chipotle Mexican Grill makes up 1.1% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 26th biggest holding. Mitchell Capital Management Co.’s holdings in Chipotle Mexican Grill were worth $6,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Alphinity Investment Management Pty Ltd acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $692,701,000. Thrivent Financial for Lutherans boosted its position in shares of Chipotle Mexican Grill by 674.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after acquiring an additional 1,848,625 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Chipotle Mexican Grill by 123.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after purchasing an additional 1,364,635 shares during the period. Intech Investment Management LLC boosted its position in shares of Chipotle Mexican Grill by 224.2% in the 3rd quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock valued at $97,750,000 after purchasing an additional 1,173,207 shares during the period. Finally, Premier Fund Managers Ltd acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $57,335,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $54.04 on Friday. The stock has a fifty day moving average price of $57.38 and a 200 day moving average price of $58.08. The stock has a market cap of $73.25 billion, a PE ratio of 48.68, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (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, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMG. Evercore ISI upped their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their target price for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction 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 directly owns 185,792 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. 1.02% of the stock is currently owned by 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.