Portfolio Design Labs LLC Acquires New Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Portfolio Design Labs LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,741 shares of the restaurant operator’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMG. Transcendent Capital Group LLC increased its stake in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $32,000. Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $33,000. Global Trust Asset Management LLC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $35,000. Finally, Sound Income Strategies LLC increased its stake in 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 valued at $36,000 after buying an additional 555 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CMG shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. KeyCorp dropped their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Stifel Nicolaus cut their target price on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Oppenheimer upped their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Ten investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was 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 of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $57.30 on Thursday. The stock’s fifty day moving average price is $59.94 and its two-hundred day moving average price is $58.03. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The firm has a market cap of $78.08 billion, a PE ratio of 51.61, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping 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%. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.