Carnegie Investment Counsel Purchases 56,730 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Carnegie Investment Counsel raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 70.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 137,333 shares of the restaurant operator's stock after buying an additional 56,730 shares during the period. Carnegie Investment Counsel's holdings in Chipotle Mexican Grill were worth $8,281,000 as of its most recent filing with the SEC.

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

Chipotle Mexican Grill Trading Down 1.4 %

Shares of CMG stock traded down $0.84 during trading hours on Friday, hitting $57.52. 9,354,246 shares of the company's stock were exchanged, compared to its average volume of 8,540,867. Chipotle Mexican Grill, Inc. has a 12-month low of $46.01 and a 12-month high of $69.26. The company has a market capitalization of $78.38 billion, a PE ratio of 53.54, a PEG ratio of 1.91 and a beta of 1.27. The business's 50 day simple moving average is $60.94 and its 200-day simple moving average is $57.91.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results 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. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 transaction, the insider now directly owns 185,792 shares of the company's stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on CMG shares. Wells Fargo & Company lifted their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Evercore ISI lifted their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Jefferies Financial Group increased their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a report on Monday, December 16th. Loop Capital raised their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Finally, Piper Sandler upped their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.81.

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.