ABC Arbitrage SA Invests $1.37 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

ABC Arbitrage SA bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,677 shares of the restaurant operator's stock, valued at approximately $1,367,000.

Other large investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC lifted 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 purchasing an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new position in Chipotle Mexican Grill in the third quarter valued at about $32,000. Capital Performance Advisors LLP bought a new position in Chipotle Mexican Grill in the 3rd quarter worth $33,000. Global Trust Asset Management LLC bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at approximately $35,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after acquiring an additional 555 shares during the period. 91.31% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the 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 directly owns 185,792 shares of the company's stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded down $0.70 during trading on Wednesday, hitting $53.80. 15,502,044 shares of the company were exchanged, compared to its average volume of 10,763,205. The company has a fifty day moving average price of $59.14 and a 200-day moving average price of $58.18. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26. The firm has a market capitalization of $73.30 billion, a PE ratio of 48.46, a P/E/G ratio of 2.20 and a beta of 1.27.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CMG. TD Cowen increased their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Royal Bank of Canada reissued an "outperform" rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Stifel Nicolaus dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Truist Financial upped their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, Loop Capital increased their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a "hold" rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus target price of $66.31.

Chipotle Mexican Grill Company 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.