Boyd Watterson Asset Management LLC OH Has $1.73 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Boyd Watterson Asset Management LLC OH boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.4% in the fourth quarter, Holdings Channel reports. The firm owned 28,619 shares of the restaurant operator’s stock after acquiring an additional 936 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Chipotle Mexican Grill were worth $1,726,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMG. Outfitter Financial LLC boosted its holdings in shares of Chipotle Mexican Grill by 40.5% during the 4th quarter. Outfitter Financial LLC now owns 9,975 shares of the restaurant operator’s stock worth $601,000 after buying an additional 2,875 shares during the period. Bradley Foster & Sargent Inc. CT acquired a new position in Chipotle Mexican Grill during the 4th quarter worth $201,000. Paradigm Asset Management Co. LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $139,000. Compass Capital Corp MA ADV acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $371,000. Finally, Centricity Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $101,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 3.0 %

NYSE:CMG opened at $51.47 on Friday. The firm has a market cap of $69.76 billion, a PE ratio of 46.36, a price-to-earnings-growth ratio of 2.07 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. The company’s 50-day moving average price is $58.64 and its two-hundred day moving average price is $58.11.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on CMG shares. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Wedbush reduced their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. 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 research report on Wednesday, February 5th. Wells Fargo & Company cut their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.31.

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.02% of the company’s stock.

About Chipotle Mexican Grill

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.