Adell Harriman & Carpenter Inc. Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Adell Harriman & Carpenter Inc. raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 157.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 10,450 shares of the restaurant operator's stock after acquiring an additional 6,390 shares during the period. Adell Harriman & Carpenter Inc.'s holdings in Chipotle Mexican Grill were worth $630,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC raised its stake in shares of Chipotle Mexican Grill by 950.0% in the third 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 last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Chipotle Mexican Grill during the third quarter worth $32,000. Capital Performance Advisors LLP purchased a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $33,000. Global Trust Asset Management LLC purchased a new position in Chipotle Mexican Grill during the third quarter worth about $35,000. Finally, Sound Income Strategies LLC grew its position 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 worth $36,000 after purchasing an additional 555 shares in the last quarter. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Down 1.3 %

Shares of Chipotle Mexican Grill stock traded down $0.70 during trading hours on Wednesday, reaching $53.80. The stock had a trading volume of 15,583,469 shares, compared to its average volume of 10,763,977. The stock's 50 day moving average is $59.14 and its 200 day moving average is $58.18. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The firm has a market capitalization of $73.30 billion, a PE ratio of 48.46, a PEG ratio of 2.20 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the 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 in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Raymond James reduced their price objective 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. Sanford C. Bernstein restated an "outperform" rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Wedbush lowered their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a report 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 stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus price target of $66.31.

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.