8,523 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by Bailard Inc.

Bailard Inc. acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,523 shares of the restaurant operator's stock, valued at approximately $514,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Stephens Inc. AR bought a new stake in Chipotle Mexican Grill during the third quarter valued at about $341,000. Farther Finance Advisors LLC grew its stake in shares of Chipotle Mexican Grill by 4.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,561 shares of the restaurant operator's stock valued at $781,000 after acquiring an additional 545 shares during the period. Janney Montgomery Scott LLC increased its holdings in Chipotle Mexican Grill by 4.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 425,743 shares of the restaurant operator's stock worth $24,531,000 after acquiring an additional 17,268 shares in the last quarter. Confluence Wealth Services Inc. raised its stake in Chipotle Mexican Grill by 21.7% during the 3rd quarter. Confluence Wealth Services Inc. now owns 5,173 shares of the restaurant operator's stock worth $298,000 after acquiring an additional 923 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of Chipotle Mexican Grill by 10.8% during the third quarter. Van ECK Associates Corp now owns 348,430 shares of the restaurant operator's stock valued at $20,564,000 after buying an additional 34,081 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Insider Activity

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

Analysts Set New Price Targets

A number of analysts have issued reports on CMG shares. Raymond James reduced their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company dropped their price target 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. Barclays reduced their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Sanford C. Bernstein reiterated an "outperform" rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Wedbush cut their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $66.60.

Chipotle Mexican Grill Price Performance

CMG stock traded up $0.45 during mid-day trading on Wednesday, reaching $53.62. The company had a trading volume of 8,784,160 shares, compared to its average volume of 11,329,732. The company has a market capitalization of $72.68 billion, a PE ratio of 48.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm has a 50 day moving average of $57.05 and a 200 day moving average of $58.14. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced 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%. Analysts anticipate 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.