Everhart Financial Group Inc. Buys 4,580 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Everhart Financial Group Inc. grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 42.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,497 shares of the restaurant operator's stock after purchasing an additional 4,580 shares during the period. Everhart Financial Group Inc.'s holdings in Chipotle Mexican Grill were worth $934,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CMG. Geode Capital Management LLC lifted its holdings in shares of 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 valued at $1,612,682,000 after purchasing an additional 438,007 shares in the last quarter. Franklin Resources Inc. lifted its stake in 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 worth $805,692,000 after acquiring an additional 381,873 shares in the last quarter. Janus Henderson Group PLC lifted its stake in 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 acquiring an additional 518,521 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Chipotle Mexican Grill by 11.6% during 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 acquiring an additional 858,704 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Chipotle Mexican Grill by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator's stock valued at $472,505,000 after acquiring an additional 132,756 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CMG shares. Cfra raised shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their price target for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Stifel Nicolaus decreased their target price on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Robert W. Baird boosted their price target 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. TD Cowen increased their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Raymond James reduced their price objective on 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. Ten investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.31.

Chipotle Mexican Grill Trading Down 1.3 %

NYSE:CMG traded down $0.70 during trading hours on Wednesday, hitting $53.80. 15,583,469 shares of the company traded hands, compared to its average volume of 10,763,977. The stock has a market capitalization of $73.30 billion, a price-to-earnings ratio of 48.46, a P/E/G ratio of 2.20 and a beta of 1.27. The firm has a 50-day moving average of $59.14 and a 200 day moving average of $58.18. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26.

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

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction 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. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.02% of the company's stock.

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.