Lockheed Martin Investment Management Co. Acquires 29,140 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lockheed Martin Investment Management Co. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 177,630 shares of the restaurant operator’s stock after acquiring an additional 29,140 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Chipotle Mexican Grill were worth $10,711,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Transcendent Capital Group LLC increased its position in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Chipotle Mexican Grill during the 3rd quarter worth $32,000. Capital Performance Advisors LLP acquired a new position in Chipotle Mexican Grill in the 3rd quarter worth about $33,000. Global Trust Asset Management LLC bought a new position in Chipotle Mexican Grill in the third quarter valued at about $35,000. Finally, Sound Income Strategies LLC boosted its position in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares during the period. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $59.10 on Wednesday. The stock has a fifty day moving average of $60.43 and a 200-day moving average of $57.80. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The stock has a market cap of $80.53 billion, a PE ratio of 55.01, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analyst Ratings Changes

CMG has been the subject of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Jefferies Financial Group boosted their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Citigroup decreased their price objective on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Wedbush reissued an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, January 22nd. Finally, BMO Capital Markets raised their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.10.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is owned by insiders.

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.