139,534 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by Overbrook Management Corp

Overbrook Management Corp bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 139,534 shares of the restaurant operator's stock, valued at approximately $8,414,000. Chipotle Mexican Grill accounts for about 1.8% of Overbrook Management Corp's holdings, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of CMG. Oliver Lagore Vanvalin Investment Group raised its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 392 shares in the last quarter. ZRC Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 384 shares in the last quarter. Transcendent Capital Group LLC grew its holdings 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 in the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $32,000. Finally, Capital Performance Advisors LLP acquired a new position in Chipotle Mexican Grill in the third quarter valued at approximately $33,000. 91.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm'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 sale, the insider now owns 185,792 shares of the company's stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CMG has been the subject of several recent research reports. BMO Capital Markets lifted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Oppenheimer raised their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Wedbush reiterated an "outperform" rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Finally, Barclays boosted their target price on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 7th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.81.

Chipotle Mexican Grill Stock Down 1.4 %

Shares of CMG stock traded down $0.84 during mid-day trading on Monday, reaching $57.52. 9,354,246 shares of the stock traded hands, compared to its average volume of 6,146,094. The stock's fifty day simple moving average is $60.91 and its two-hundred day simple moving average is $57.83. Chipotle Mexican Grill, Inc. has a 1-year low of $46.01 and a 1-year high of $69.26. The company has a market cap of $78.38 billion, a price-to-earnings 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 issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business posted $0.23 EPS. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.