Brady Martz Wealth Solutions LLC Purchases New Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Brady Martz Wealth Solutions LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,750 shares of the restaurant operator's stock, valued at approximately $268,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in Chipotle Mexican Grill by 1.6% in the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator's stock worth $1,612,682,000 after acquiring an additional 438,007 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Chipotle Mexican Grill by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator's stock valued at $805,692,000 after purchasing an additional 381,873 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Chipotle Mexican Grill by 5,209.5% in the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator's stock valued at $685,128,000 after purchasing an additional 10,729,706 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Chipotle Mexican Grill by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator's stock worth $566,439,000 after purchasing an additional 518,521 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Chipotle Mexican Grill by 11.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator's stock worth $476,593,000 after purchasing an additional 858,704 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

NYSE CMG traded down $0.84 during trading hours on Monday, hitting $57.52. The company had a trading volume of 9,354,246 shares, compared to its average volume of 6,146,094. The firm's 50 day moving average is $60.91 and its 200 day moving average is $57.83. Chipotle Mexican Grill, Inc. has a fifty-two week low of $46.01 and a fifty-two week high of $69.26. The company has a market capitalization of $78.38 billion, a price-to-earnings ratio of 53.54, a P/E/G ratio of 1.91 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CMG shares. Stephens reaffirmed an "equal weight" rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Wedbush reaffirmed an "outperform" rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Robert W. Baird upped their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their target price on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $66.81.

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.