Ieq Capital LLC Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ieq Capital LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 46.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,381 shares of the restaurant operator's stock after acquiring an additional 40,654 shares during the period. Ieq Capital LLC's holdings in Chipotle Mexican Grill were worth $7,741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 14.6% in the 4th quarter. Global Retirement Partners LLC now owns 41,853 shares of the restaurant operator's stock valued at $2,524,000 after acquiring an additional 5,345 shares during the last quarter. Semus Wealth Partners LLC raised its holdings in Chipotle Mexican Grill by 3.2% during the fourth quarter. Semus Wealth Partners LLC now owns 9,492 shares of the restaurant operator's stock worth $572,000 after buying an additional 290 shares during the last quarter. Wilkinson Global Asset Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 27.8% in the fourth quarter. Wilkinson Global Asset Management LLC now owns 578,602 shares of the restaurant operator's stock valued at $34,890,000 after purchasing an additional 125,815 shares in the last quarter. Valley Wealth Managers Inc. lifted its position in shares of Chipotle Mexican Grill by 16.4% during the fourth quarter. Valley Wealth Managers Inc. now owns 23,576 shares of the restaurant operator's stock valued at $1,422,000 after purchasing an additional 3,326 shares in the last quarter. Finally, Bfsg LLC lifted its holdings in Chipotle Mexican Grill by 9.4% during the fourth quarter. Bfsg LLC now owns 58,319 shares of the restaurant operator's stock worth $3,517,000 after acquiring an additional 4,996 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 3.0 %

CMG traded down $1.58 during trading on Friday, hitting $51.47. The company's stock had a trading volume of 12,627,766 shares, compared to its average volume of 10,804,313. The firm has a market cap of $69.76 billion, a PE ratio of 46.36, a P/E/G ratio of 2.07 and a beta of 1.27. The business's 50 day simple moving average is $58.64 and its 200-day simple moving average is $58.11. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year 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 the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the topic of several research reports. Stephens lowered their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. BMO Capital Markets raised their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $75.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company lowered their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus price target of $66.31.

Insider Buying and Selling at Chipotle Mexican Grill

In other 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 completion of the transaction, the insider now owns 185,792 shares in the company, valued at approximately $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 can be accessed through the SEC website. 1.02% of the stock is currently owned by company insiders.

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.