19,136 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Cullen Investment Group LTD.

Cullen Investment Group LTD. bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,136 shares of the restaurant operator's stock, valued at approximately $1,154,000.

A number of other hedge funds have also recently added to or reduced their stakes in CMG. Alpha DNA Investment Management LLC increased its stake in Chipotle Mexican Grill by 1.2% during the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator's stock worth $786,000 after acquiring an additional 168 shares during the last quarter. Lecap Asset Management Ltd. grew its holdings in shares of Chipotle Mexican Grill by 1.2% during the 3rd quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator's stock worth $843,000 after purchasing an additional 175 shares during the period. Connable Office Inc. raised its holdings in Chipotle Mexican Grill by 0.6% in the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator's stock valued at $1,840,000 after buying an additional 178 shares during the period. Albion Financial Group UT raised its holdings in Chipotle Mexican Grill by 14.4% in the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator's stock valued at $82,000 after buying an additional 180 shares during the period. Finally, CVA Family Office LLC lifted its position in Chipotle Mexican Grill by 8.7% during the third quarter. CVA Family Office LLC now owns 2,313 shares of the restaurant operator's stock valued at $133,000 after buying an additional 185 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 0.2 %

NYSE CMG traded up $0.09 during trading hours on Tuesday, hitting $56.35. The company had a trading volume of 6,008,326 shares, compared to its average volume of 8,090,567. Chipotle Mexican Grill, Inc. has a fifty-two week low of $45.50 and a fifty-two week high of $69.26. The firm has a market cap of $76.78 billion, a P/E ratio of 52.45, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. The business has a fifty day simple moving average of $60.94 and a 200-day simple moving average of $57.96.

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 firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Chipotle Mexican Grill's revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CMG shares. Citigroup cut their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Wedbush reaffirmed an "outperform" rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Truist Financial boosted their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Jefferies Financial Group increased their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a research report on Monday, December 16th. Finally, TD Cowen boosted 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. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.81.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the firm's stock in a transaction that occurred on 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 owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is owned by company 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.