Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,576 shares of the restaurant operator’s stock after acquiring an additional 3,326 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Chipotle Mexican Grill were worth $1,422,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC boosted 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 valued at $30,000 after purchasing an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Chipotle Mexican Grill during the 3rd quarter valued at approximately $32,000. Capital Performance Advisors LLP acquired a new position in Chipotle Mexican Grill during the 3rd quarter valued at approximately $33,000. Global Trust Asset Management LLC acquired a new position in Chipotle Mexican Grill during the 3rd quarter valued at approximately $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 valued at $36,000 after purchasing an additional 555 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 4.6 %

Shares of Chipotle Mexican Grill stock opened at $54.48 on Wednesday. The stock’s fifty day moving average is $59.35 and its 200-day moving average is $58.16. The firm has a market capitalization of $74.23 billion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of analyst reports. Raymond James reduced their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. TD Cowen boosted their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price target for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Finally, Citigroup boosted their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. 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 company. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target 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.