Barden Capital Management Inc. Buys Shares of 17,837 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Barden Capital Management Inc. acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,837 shares of the restaurant operator’s stock, valued at approximately $1,076,000.

A number of other hedge funds have also recently made changes to their positions in CMG. Transcendent Capital Group LLC lifted its holdings in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 475 shares during the last quarter. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $31,000. Capital Performance Advisors LLP bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $33,000. Sound Income Strategies LLC lifted its holdings in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $37,000. 91.31% of the stock is currently owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other 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 value of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG opened at $51.45 on Friday. The stock has a market capitalization of $69.73 billion, a P/E ratio of 46.34, a P/E/G ratio of 2.04 and a beta of 1.27. The company’s 50-day simple moving average is $56.68 and its two-hundred day simple moving average is $58.06. 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 posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) 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%. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on CMG shares. Stephens decreased their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their target price for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Raymond James decreased their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.60.

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.