Oak Ridge Investments LLC Has $1.83 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Oak Ridge Investments LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 30,260 shares of the restaurant operator’s stock after buying an additional 453 shares during the period. Oak Ridge Investments LLC’s holdings in Chipotle Mexican Grill were worth $1,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Shellback Capital LP raised its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after buying an additional 122,500 shares in the last quarter. Hantz Financial Services Inc. raised its position in Chipotle Mexican Grill by 5,897.8% in the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after purchasing an additional 48,126 shares in the last quarter. L & S Advisors Inc acquired a new position in Chipotle Mexican Grill in the third quarter worth about $3,256,000. Optas LLC lifted its stake in Chipotle Mexican Grill by 318.5% during the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after purchasing an additional 13,060 shares during the period. Finally, Savvy Advisors Inc. bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $758,000. 91.31% of the stock is currently owned by institutional investors.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was 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 of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Trading Down 1.4 %

Shares of CMG opened at $57.52 on Friday. The stock has a market cap of $78.38 billion, a P/E ratio of 53.54, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $46.01 and a 1 year high of $69.26. The stock’s 50-day moving average price is $60.91 and its two-hundred day moving average price is $57.88.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data 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. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on CMG shares. Evercore ISI boosted their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Wedbush reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. TD Cowen upped their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note 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 report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $66.81.

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.