Empirical Asset Management LLC Has $6.22 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Empirical Asset Management LLC raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 237.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,141 shares of the restaurant operator's stock after buying an additional 72,552 shares during the quarter. Empirical Asset Management LLC's holdings in Chipotle Mexican Grill were worth $6,219,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in Chipotle Mexican Grill by 1.6% during 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 buying an additional 438,007 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Chipotle Mexican Grill by 2.9% during the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator's stock valued at $805,692,000 after acquiring an additional 381,873 shares during the period. Legal & General Group Plc boosted its stake 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 grew its holdings in shares of Chipotle Mexican Grill by 5.6% in 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 holdings in shares of Chipotle Mexican Grill by 11.6% in the 3rd 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 during the last quarter. 91.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business's stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Trading Down 1.4 %

Shares of NYSE:CMG traded down $0.84 during mid-day trading on Friday, reaching $57.52. The stock had a trading volume of 9,354,246 shares, compared to its average volume of 8,540,867. The firm has a 50 day simple moving average of $60.94 and a two-hundred day simple moving average of $57.91. Chipotle Mexican Grill, Inc. has a twelve month low of $46.01 and a twelve month high of $69.26. The firm has a market cap 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 posted its 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 company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the business posted $0.23 earnings per share. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on CMG. Stephens restated an "equal weight" rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Oppenheimer boosted their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Wells Fargo & Company raised their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Wedbush reissued an "outperform" rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada raised their target price on Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an "outperform" rating in a research note on Tuesday, December 17th. 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, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus price target 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.