Accuvest Global Advisors 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 640 shares of the restaurant operator’s stock, valued at approximately $276,000.

Other hedge funds have also modified their holdings of the company. Bruderman Asset Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $39,000. Captrust Financial Advisors increased its stake in shares of Chipotle Mexican Grill by 44.0% during the 4th quarter. Captrust Financial Advisors now owns 167 shares of the restaurant operator’s stock worth $72,000 after purchasing an additional 51 shares during the last quarter. Huntington National Bank increased its stake in shares of Chipotle Mexican Grill by 19.9% during the 4th quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock worth $73,000 after purchasing an additional 28 shares during the last quarter. Clean Yield Group acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $86,000. Finally, We Are One Seven LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $96,000. Hedge funds and other institutional investors own 92.49% of the company’s stock.

In other news, Director Pershing Square Capital Manage sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $594.65, for a total transaction of $11,893,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jack Hartung sold 4,907 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $625.21, for a total transaction of $3,067,905.47. Following the sale, the chief financial officer now directly owns 45,237 shares of the company’s stock, valued at approximately $28,282,624.77. The disclosure for this sale can be found here. Insiders sold a total of 44,037 shares of company stock valued at $26,516,662 in the last three months. Insiders own 2.19% of the company’s stock.

NYSE CMG opened at $642.39 on Friday. The stock has a market capitalization of $17.62 billion, a price-to-earnings ratio of 70.90, a price-to-earnings-growth ratio of 2.92 and a beta of 0.65. Chipotle Mexican Grill, Inc. has a 12-month low of $307.70 and a 12-month high of $642.93.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.34. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Chipotle Mexican Grill had a net margin of 3.63% and a return on equity of 17.64%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.34 EPS. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 12.24 earnings per share for the current fiscal year.

A number of research analysts recently commented on CMG shares. Zacks Investment Research lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. BTIG Research upped their price target on shares of Chipotle Mexican Grill from $620.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday. BMO Capital Markets upped their price target on shares of Chipotle Mexican Grill from $420.00 to $540.00 and gave the company a “market perform” rating in a research note on Thursday, February 7th. Loop Capital upped their price target on shares of Chipotle Mexican Grill to $630.00 and gave the company a “positive” rating in a research note on Thursday, February 7th. Finally, KeyCorp upped their price target on shares of Chipotle Mexican Grill from $525.00 to $625.00 and gave the company an “overweight” rating in a research note on Thursday, February 7th. Nine equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $515.14.

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Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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