Bowman & Co S.C. Purchases 11,587 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bowman & Co S.C. grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 142.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,740 shares of the restaurant operator's stock after purchasing an additional 11,587 shares during the quarter. Bowman & Co S.C.'s holdings in Chipotle Mexican Grill were worth $1,190,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Shellback Capital LP boosted its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator's stock valued at $7,831,000 after buying an additional 122,500 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Chipotle Mexican Grill by 5,897.8% during the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator's stock valued at $2,820,000 after acquiring an additional 48,126 shares during the last quarter. L & S Advisors Inc bought a new stake in shares of Chipotle Mexican Grill in the third quarter worth about $3,256,000. Optas LLC grew its stake in shares of Chipotle Mexican Grill by 318.5% in the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator's stock worth $989,000 after purchasing an additional 13,060 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $758,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock traded down $0.84 during mid-day trading on Friday, reaching $57.52. 9,354,246 shares of the stock traded hands, compared to its average volume of 6,146,094. Chipotle Mexican Grill, Inc. has a 12-month low of $46.01 and a 12-month high of $69.26. The business's 50-day moving average is $60.91 and its 200-day moving average is $57.85. The stock has a market capitalization of $78.38 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th. TD Cowen raised their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Evercore ISI boosted their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Robert W. Baird raised their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Citigroup reduced their target price on Chipotle Mexican Grill from $71.00 to $70.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $66.81.

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.