Strategic Financial Concepts LLC Takes $800,000 Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Strategic Financial Concepts LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,266 shares of the restaurant operator's stock, valued at approximately $800,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alpha DNA Investment Management LLC lifted its stake 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 purchasing an additional 168 shares during the last quarter. Lecap Asset Management Ltd. lifted its stake in Chipotle Mexican Grill by 1.2% during the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator's stock worth $843,000 after purchasing an additional 175 shares during the last quarter. Connable Office Inc. lifted its stake in Chipotle Mexican Grill by 0.6% during the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator's stock worth $1,840,000 after purchasing an additional 178 shares during the last quarter. Traynor Capital Management Inc. lifted its stake in Chipotle Mexican Grill by 2.5% during the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock worth $454,000 after purchasing an additional 181 shares during the last quarter. Finally, BTC Capital Management Inc. lifted its stake in Chipotle Mexican Grill by 1.9% during the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after purchasing an additional 184 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Evercore ISI lifted their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. KeyCorp dropped their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Raymond James lowered their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research note on Tuesday, January 28th. Finally, Wedbush lowered their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.31.

Chipotle Mexican Grill Trading Down 3.0 %

Shares of CMG stock traded down $1.58 during midday trading on Friday, reaching $51.47. 12,627,766 shares of the stock were exchanged, compared to its average volume of 10,804,313. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The company's 50 day moving average is $58.64 and its two-hundred day moving average is $58.11. The firm has a market cap of $69.76 billion, a PE ratio of 46.36, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Buying and Selling

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

Chipotle Mexican Grill Company 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.