Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Boosted by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 55,038 shares of the restaurant operator’s stock after acquiring an additional 1,813 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $3,319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CMG. Geode Capital Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.6% in the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after buying an additional 438,007 shares during the period. Franklin Resources Inc. grew its position in Chipotle Mexican Grill by 2.9% during the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after purchasing an additional 381,873 shares in the last quarter. Legal & General Group Plc increased its stake in Chipotle Mexican Grill by 5,209.5% in the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock valued at $685,128,000 after buying an additional 10,729,706 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after buying an additional 10,139,174 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of Chipotle Mexican Grill by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after acquiring an additional 518,521 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG stock opened at $56.35 on Wednesday. The company has a 50 day moving average price of $60.94 and a 200 day moving average price of $57.91. Chipotle Mexican Grill, Inc. has a fifty-two week low of $45.50 and a fifty-two week high of $69.26. The stock has a market capitalization of $76.78 billion, a PE ratio of 52.45, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

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

Wall Street Analyst Weigh In

CMG has been the subject of several recent research reports. TD Cowen increased their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Evercore ISI lifted their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Wedbush reiterated an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Finally, BMO Capital Markets raised their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.81.

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.