Asset Planning Inc Buys New Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Asset Planning Inc purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,425 shares of the restaurant operator’s stock, valued at approximately $327,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after acquiring an additional 438,007 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Chipotle Mexican Grill by 2.9% during the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after buying an additional 381,873 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Chipotle Mexican Grill by 5.6% in the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after purchasing an additional 518,521 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Chipotle Mexican Grill by 11.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock valued at $476,593,000 after purchasing an additional 858,704 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock valued at $472,505,000 after purchasing an additional 132,756 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.5 %

Shares of Chipotle Mexican Grill stock opened at $58.16 on Friday. The firm has a market capitalization of $79.25 billion, a P/E ratio of 52.39, a P/E/G ratio of 2.14 and a beta of 1.27. The firm’s 50 day moving average is $59.81 and its two-hundred day moving average is $58.03. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s 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 approximately $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 SEC, which is accessible through this link. Insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CMG shares. Stephens dropped their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Jefferies Financial Group upped their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Barclays dropped their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Citigroup upped their target price on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $66.31.

Chipotle Mexican Grill Company 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.