Pacer Advisors Inc. Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Pacer Advisors Inc. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 9.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,459 shares of the restaurant operator's stock after purchasing an additional 9,884 shares during the period. Pacer Advisors Inc.'s holdings in Chipotle Mexican Grill were worth $6,721,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CMG. ZRC Wealth Management LLC lifted its position in shares of Chipotle Mexican Grill by 384.0% in the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 384 shares in the last quarter. Transcendent Capital Group LLC boosted its holdings in shares of Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP bought a new stake in shares of Chipotle Mexican Grill in the third quarter worth about $33,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter worth about $35,000. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded up $0.70 during trading on Thursday, hitting $58.97. 8,720,019 shares of the company were exchanged, compared to its average volume of 9,487,601. The company has a fifty day moving average price of $60.59 and a 200-day moving average price of $57.73. The firm has a market capitalization of $80.35 billion, a PE ratio of 54.88, a P/E/G ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26.

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, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion for 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. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on CMG shares. Barclays lifted their price objective on Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 7th. TD Cowen upped their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Oppenheimer lifted their price objective 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. Sanford C. Bernstein restated an "outperform" rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $66.88.

Insider Activity at Chipotle Mexican Grill

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