ING Groep NV Grows Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

ING Groep NV increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 203.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 524,132 shares of the restaurant operator's stock after purchasing an additional 351,382 shares during the period. ING Groep NV's holdings in Chipotle Mexican Grill were worth $31,605,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Transcendent Capital Group LLC lifted its stake 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 buying an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $33,000. Global Trust Asset Management LLC purchased a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $35,000. Finally, Sound Income Strategies LLC lifted its stake in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Down 3.0 %

Shares of Chipotle Mexican Grill stock traded down $1.58 during trading hours on Friday, hitting $51.47. 12,627,766 shares of the company were exchanged, compared to its average volume of 10,804,313. The stock has a market capitalization of $69.76 billion, a price-to-earnings ratio of 46.36, a P/E/G ratio of 2.07 and a beta of 1.27. The business has a 50-day moving average of $58.64 and a 200-day moving average of $58.11. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Raymond James decreased their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research report on Tuesday, January 28th. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their target price for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. TD Cowen raised their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, KeyCorp lowered their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus price target of $66.31.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the 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 transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.02% of the stock is owned by corporate insiders.

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.