Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 57,254 shares of the restaurant operator’s stock after acquiring an additional 1,279 shares during the quarter. Chipotle Mexican Grill makes up 1.1% of Enterprise Bank & Trust Co’s portfolio, making the stock its 24th biggest holding. Enterprise Bank & Trust Co’s holdings in Chipotle Mexican Grill were worth $3,452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. 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 purchasing an additional 392 shares during the period. ZRC Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill by 384.0% in the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 384 shares in the last quarter. Transcendent Capital Group LLC raised its holdings in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth about $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $32,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded down $0.18 during trading hours on Monday, reaching $56.32. 5,351,972 shares of the company’s stock were exchanged, compared to its average volume of 7,936,941. The company’s 50 day moving average is $60.94 and its two-hundred day moving average is $58.00. The company has a market cap of $76.74 billion, a P/E ratio of 52.42, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $45.50 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the company earned $0.23 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the subject of a number of research reports. Raymond James lifted their price objective on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Citigroup reduced their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Royal Bank of Canada upped their target price on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. BMO Capital Markets boosted their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Finally, 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. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.81.

Insider Buying and Selling

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill 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 completion of the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.02% of the stock is owned by insiders.

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.