ABC Arbitrage SA Purchases Shares of 22,677 Chipotle Mexican Grill, Inc. (NYSE:CMG)

ABC Arbitrage SA purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,677 shares of the restaurant operator’s stock, valued at approximately $1,367,000.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $371,000. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 155.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock worth $900,000 after purchasing an additional 9,070 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Chipotle Mexican Grill by 5,897.8% during 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 during the period. L & S Advisors Inc purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth about $3,256,000. Finally, Lockheed Martin Investment Management Co. boosted its holdings in shares of Chipotle Mexican Grill by 19.6% during 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 period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chipotle Mexican Grill

In related 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 value of $286,304.04. Following the sale, the insider now 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 document filed with the SEC, which can be accessed through the SEC website. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Stock Down 1.8 %

Shares of CMG opened at $57.06 on Friday. The company has a market capitalization of $77.74 billion, a P/E ratio of 51.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. The firm has a 50 day moving average of $59.50 and a 200 day moving average of $58.07. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating 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%. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Raymond James dropped their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Barclays dropped their target price 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. Evercore ISI raised their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Loop Capital raised their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their price objective for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

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.