Modus Advisors LLC Purchases 28,797 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Modus Advisors LLC lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 267.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,562 shares of the restaurant operator’s stock after acquiring an additional 28,797 shares during the period. Modus Advisors LLC’s holdings in Chipotle Mexican Grill were worth $2,386,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Archer Investment Corp bought a new stake in Chipotle Mexican Grill during the second quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares in the last quarter. MCF Advisors LLC increased its stake in Chipotle Mexican Grill by 5,525.0% in the second quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 442 shares during the last quarter. ZRC Wealth Management LLC raised its position in Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 384 shares in the last quarter. Finally, Transcendent Capital Group LLC lifted its stake in Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMG. Jefferies Financial Group lifted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Loop Capital increased their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Evercore ISI lifted their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Wells Fargo & Company increased their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Robert W. Baird boosted their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.55.

Chipotle Mexican Grill Trading Down 0.6 %

NYSE CMG traded down $0.38 during mid-day trading on Friday, hitting $59.51. The company’s stock had a trading volume of 797,699 shares, compared to its average volume of 3,124,702. Chipotle Mexican Grill, Inc. has a twelve month low of $44.08 and a twelve month high of $69.26. The firm has a market capitalization of $81.09 billion, a price-to-earnings ratio of 55.39, a PEG ratio of 2.64 and a beta of 1.27. The company’s 50 day simple moving average is $60.98 and its 200 day simple moving average is $80.80.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. This represents a 3.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated 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 directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

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.