Vanguard Group Inc. Buys 23,151 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Vanguard Group Inc. grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,707,233 shares of the restaurant operator’s stock after buying an additional 23,151 shares during the quarter. Vanguard Group Inc. owned 9.87% of Chipotle Mexican Grill worth $6,191,334,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CMG. Fortitude Family Office LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $32,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $37,000. ICA Group Wealth Management LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. Keener Financial Planning LLC purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth approximately $43,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in Chipotle Mexican Grill by 28.6% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 27 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 6 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Up 3.0 %

Shares of Chipotle Mexican Grill stock opened at $3,369.14 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $1,768.64 and a 12 month high of $3,384.04. The firm has a market capitalization of $92.55 billion, a P/E ratio of 71.90, a P/E/G ratio of 2.60 and a beta of 1.25. The business has a fifty day simple moving average of $3,111.16 and a two-hundred day simple moving average of $2,724.52.

Chipotle Mexican Grill shares are scheduled to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be payable to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, topping the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. Analysts predict that Chipotle Mexican Grill, Inc. will post 55.31 earnings per share for the current year.

Analyst Ratings Changes

CMG has been the subject of a number of research reports. BMO Capital Markets upped their price objective on shares of Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. KeyCorp upped their price target on shares of Chipotle Mexican Grill from $3,250.00 to $3,400.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Wells Fargo & Company raised their price objective on Chipotle Mexican Grill from $3,285.00 to $3,300.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Stifel Nicolaus boosted their target price on Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, TD Cowen increased their target price on Chipotle Mexican Grill from $3,500.00 to $3,600.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,181.85.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 1,000 shares of Chipotle Mexican Grill stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $3,166.01, for a total value of $3,166,010.00. Following the completion of the transaction, the director now directly owns 27,250 shares of the company’s stock, valued at $86,273,772.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 1,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,166.01, for a total transaction of $3,166,010.00. Following the sale, the director now directly owns 27,250 shares in the company, valued at approximately $86,273,772.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher W. Brandt sold 3,149 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the transaction, the insider now owns 8,563 shares of the company’s stock, valued at approximately $25,071,093.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,164 shares of company stock valued at $44,243,538. 1.02% of the stock is owned by insiders.

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.