Mirae Asset Global Investments Co. Ltd. Buys 4,377 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mirae Asset Global Investments Co. Ltd. grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 419,771 shares of the restaurant operator’s stock after acquiring an additional 4,377 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Chipotle Mexican Grill were worth $25,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CMG. Lockheed Martin Investment Management Co. lifted its stake in Chipotle Mexican Grill by 19.6% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 177,630 shares of the restaurant operator’s stock worth $10,711,000 after purchasing an additional 29,140 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $1,413,000. Alexander Labrunerie & CO. Inc. increased its stake in Chipotle Mexican Grill by 0.8% during the 4th quarter. Alexander Labrunerie & CO. Inc. now owns 28,775 shares of the restaurant operator’s stock valued at $1,735,000 after purchasing an additional 225 shares in the last quarter. E. Ohman J or Asset Management AB boosted its position in Chipotle Mexican Grill by 11.2% in the fourth quarter. E. Ohman J or Asset Management AB now owns 61,040 shares of the restaurant operator’s stock valued at $3,681,000 after buying an additional 6,140 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of Chipotle Mexican Grill by 12.0% in the fourth quarter. Mather Group LLC. now owns 13,881 shares of the restaurant operator’s stock worth $837,000 after acquiring an additional 1,483 shares during the period. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Stifel Nicolaus dropped their target price on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday. Evercore ISI increased their price objective 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. Raymond James dropped their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill 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 completion of the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $57.54 on Thursday. The company has a market capitalization of $78.41 billion, a price-to-earnings ratio of 53.56, a PEG ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The business has a 50-day moving average of $60.36 and a 200-day moving average of $57.84.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Research analysts expect 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.