Modus Advisors LLC Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Modus Advisors LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 267.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,562 shares of the restaurant operator’s stock after acquiring an additional 28,797 shares during the quarter. Modus Advisors LLC’s holdings in Chipotle Mexican Grill were worth $2,386,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Archer Investment Corp purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth $25,000. Oliver Lagore Vanvalin Investment Group boosted its stake in Chipotle Mexican Grill by 4,900.0% in the 2nd 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. MCF Advisors LLC increased its stake in Chipotle Mexican Grill by 5,525.0% during the 2nd quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 442 shares in the last quarter. ZRC Wealth Management LLC raised its holdings in Chipotle Mexican Grill by 384.0% in the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after buying an additional 384 shares during the last quarter. Finally, Transcendent Capital Group LLC lifted its position in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 475 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Barclays lifted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. 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 report on Wednesday, October 30th. Raymond James increased their target price on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, TD Cowen lifted their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.55.

Chipotle Mexican Grill Stock Performance

NYSE CMG traded down $0.38 during trading hours on Friday, reaching $59.51. The stock had a trading volume of 797,699 shares, compared to its average volume of 3,124,702. Chipotle Mexican Grill, Inc. has a 52-week low of $44.08 and a 52-week high of $69.26. The stock has a market cap of $81.09 billion, a P/E ratio of 55.39, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. The stock has a fifty day moving average of $60.98 and a 200 day moving average of $80.80.

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

Insiders Place Their Bets

In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Laurie Schalow sold 4,404 shares of the firm’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 transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.02% of the stock is owned by company 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.