Empirical Asset Management LLC Grows Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Empirical Asset Management LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 237.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,141 shares of the restaurant operator’s stock after buying an additional 72,552 shares during the quarter. Empirical Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $6,219,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CMG. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the last quarter. ZRC Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 384 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in Chipotle Mexican Grill in the 2nd quarter valued at $31,000. Transcendent Capital Group LLC raised its stake 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 purchasing an additional 475 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at $32,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’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 owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.02% of the stock is owned by insiders.

Analyst Ratings Changes

CMG has been the subject of a number of research reports. BMO Capital Markets upped their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. TD Cowen upped their price objective 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. Evercore ISI raised their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Oppenheimer upped their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, Raymond James lifted their price objective on Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.81.

Chipotle Mexican Grill Trading Up 1.7 %

CMG stock opened at $58.36 on Friday. The business’s fifty day moving average price is $60.93 and its 200 day moving average price is $57.91. Chipotle Mexican Grill, Inc. has a 12-month low of $45.62 and a 12-month high of $69.26. The company has a market capitalization of $79.51 billion, a PE ratio of 54.31, a P/E/G ratio of 1.91 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released 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 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.