Argentarii LLC Buys New Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Argentarii LLC bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,598 shares of the restaurant operator’s stock, valued at approximately $458,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Transcendent Capital Group LLC grew its stake in shares of Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares in the last quarter. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $31,000. Capital Performance Advisors LLP bought a new position in shares of Chipotle Mexican Grill in the third quarter valued at $33,000. Sound Income Strategies LLC grew its stake in shares of Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in Chipotle Mexican Grill during the third quarter worth $37,000. 91.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of a number of research reports. KeyCorp cut their target price on shares of 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. Stifel Nicolaus cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Citigroup raised their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company cut their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.60.

Chipotle Mexican Grill Stock Down 2.4 %

Shares of Chipotle Mexican Grill stock opened at $50.22 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The stock has a market cap of $68.06 billion, a price-to-earnings ratio of 45.23, a P/E/G ratio of 2.04 and a beta of 1.27. The company’s fifty day moving average is $56.47 and its 200 day moving average is $58.08.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 13.56% and a return on equity of 42.92%. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is currently owned by 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.