Park Avenue Securities LLC Acquires 4,497 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Park Avenue Securities LLC lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,472 shares of the restaurant operator's stock after acquiring an additional 4,497 shares during the period. Park Avenue Securities LLC's holdings in Chipotle Mexican Grill were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CMG. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator's stock worth $25,000 after buying an additional 392 shares in the last quarter. ZRC Wealth Management LLC lifted its stake in Chipotle Mexican Grill by 384.0% in the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 384 shares during the last quarter. Transcendent Capital Group LLC boosted its position in Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator's stock valued at $30,000 after buying an additional 475 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill during the third quarter worth $32,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth $33,000. 91.31% of the stock is owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now directly owns 185,792 shares of the company's stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CMG has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th. Loop Capital upped their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, December 16th. Raymond James raised their price target on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company lifted their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus target price of $66.81.

Chipotle Mexican Grill Stock Down 1.4 %

NYSE CMG traded down $0.84 on Friday, reaching $57.52. The company had a trading volume of 9,354,246 shares, compared to its average volume of 6,146,094. Chipotle Mexican Grill, Inc. has a 52-week low of $46.01 and a 52-week high of $69.26. The stock has a market capitalization of $78.38 billion, a P/E ratio of 53.54, a P/E/G ratio of 1.91 and a beta of 1.27. The company's fifty day moving average is $60.91 and its 200 day moving average is $57.85.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. The company 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%. Chipotle Mexican Grill's revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.23 earnings per share. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

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.