Sanders Morris Harris LLC Acquires Shares of 5,900 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sanders Morris Harris LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,900 shares of the restaurant operator's stock, valued at approximately $358,000.

A number of other large investors have also modified their holdings of the business. Alpha DNA Investment Management LLC boosted its holdings in Chipotle Mexican Grill by 1.2% during the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator's stock worth $786,000 after buying an additional 168 shares in the last quarter. Lecap Asset Management Ltd. lifted its position in shares of Chipotle Mexican Grill by 1.2% during the 3rd quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator's stock valued at $843,000 after acquiring an additional 175 shares during the period. Connable Office Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.6% during the 3rd quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator's stock worth $1,840,000 after acquiring an additional 178 shares in the last quarter. Albion Financial Group UT grew its holdings in shares of Chipotle Mexican Grill by 14.4% in the 3rd quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator's stock worth $82,000 after acquiring an additional 180 shares during the period. Finally, CVA Family Office LLC increased its stake in Chipotle Mexican Grill by 8.7% in the 3rd quarter. CVA Family Office LLC now owns 2,313 shares of the restaurant operator's stock valued at $133,000 after purchasing an additional 185 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 1.7 %

Shares of NYSE CMG traded up $0.99 during midday trading on Thursday, hitting $58.36. The stock had a trading volume of 9,374,797 shares, compared to its average volume of 8,459,216. Chipotle Mexican Grill, Inc. has a 1-year low of $45.62 and a 1-year high of $69.26. The company has a market capitalization of $79.51 billion, a price-to-earnings ratio of 54.31, a PEG ratio of 1.91 and a beta of 1.27. The company has a fifty day moving average price of $60.93 and a 200 day moving average price of $57.91.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.82 billion. During the same period in the previous year, the company posted $0.23 earnings per share. Chipotle Mexican Grill's revenue was up 13.0% compared to the same quarter last year. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Wall Street Analyst Weigh In

CMG has been the topic of a number of research analyst reports. Truist Financial boosted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. BMO Capital Markets raised their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Wedbush reaffirmed an "outperform" rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Finally, Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $66.81.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were 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 directly owns 185,792 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.