Conway Capital Management Inc. Acquires 800 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Conway Capital Management Inc. increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,950 shares of the restaurant operator’s stock after purchasing an additional 800 shares during the quarter. Chipotle Mexican Grill accounts for approximately 0.4% of Conway Capital Management Inc.’s holdings, making the stock its 27th largest position. Conway Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $962,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Legal & General Group Plc boosted its holdings 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 worth $685,128,000 after buying an additional 10,729,706 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Chipotle Mexican Grill by 1,087.9% in the third quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock valued at $271,547,000 after acquiring an additional 4,315,983 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Chipotle Mexican Grill by 6,990.3% in the second quarter. AQR Capital Management LLC now owns 2,283,792 shares of the restaurant operator’s stock worth $143,080,000 after acquiring an additional 2,251,582 shares during the period. Congress Asset Management Co. purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth about $109,396,000. Finally, Thrivent Financial for Lutherans raised its stake in Chipotle Mexican Grill by 674.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock valued at $122,314,000 after purchasing an additional 1,848,625 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Wells Fargo & Company lifted their price objective on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Jefferies Financial Group increased their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Oppenheimer boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Stock Up 3.0 %

Shares of NYSE:CMG opened at $57.58 on Friday. The business’s 50 day moving average is $60.72 and its 200 day moving average is $57.74. The stock has a market cap of $78.45 billion, a P/E ratio of 53.59, a price-to-earnings-growth ratio of 1.89 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $46.15 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.