76,947 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Americana Partners LLC

Americana Partners LLC acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 76,947 shares of the restaurant operator's stock, valued at approximately $4,640,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC boosted its position in shares of Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill during the third quarter worth $32,000. Capital Performance Advisors LLP bought a new position in shares of Chipotle Mexican Grill during the third quarter worth $33,000. Global Trust Asset Management LLC bought a new position in shares of Chipotle Mexican Grill during the third quarter worth $35,000. Finally, Sound Income Strategies LLC boosted its position in shares of Chipotle Mexican Grill by 1,110.0% during 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 last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMG. Stifel Nicolaus dropped their target price on shares of 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. Robert W. Baird increased their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Wedbush lowered their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, Barclays lowered their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.31.

Chipotle Mexican Grill Stock Down 1.4 %

CMG stock traded down $0.77 during trading on Thursday, hitting $53.04. The company had a trading volume of 10,234,962 shares, compared to its average volume of 10,748,335. The firm has a market capitalization of $71.88 billion, a P/E ratio of 47.77, a PEG ratio of 2.10 and a beta of 1.27. The company has a 50 day simple moving average of $58.91 and a 200-day simple moving average of $58.15. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating 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%. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.