Harbour Capital Advisors LLC Has $3.16 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Harbour Capital Advisors LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 52,850 shares of the restaurant operator’s stock after buying an additional 1,950 shares during the period. Harbour Capital Advisors LLC’s holdings in Chipotle Mexican Grill were worth $3,155,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Johnson Investment Counsel Inc. grew its position in Chipotle Mexican Grill by 6,993.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 5,107 shares of the restaurant operator’s stock worth $320,000 after acquiring an additional 5,035 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of Chipotle Mexican Grill by 9,900.0% in the second quarter. Meeder Asset Management Inc. now owns 1,200 shares of the restaurant operator’s stock valued at $75,000 after buying an additional 1,188 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Chipotle Mexican Grill by 3,824.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 317,175 shares of the restaurant operator’s stock valued at $20,026,000 after buying an additional 309,093 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 5,000 shares of the restaurant operator’s stock worth $313,000 after buying an additional 4,900 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its holdings in Chipotle Mexican Grill by 3,130.7% during the 2nd quarter. Zions Bancorporation N.A. now owns 5,363 shares of the restaurant operator’s stock worth $336,000 after acquiring an additional 5,197 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Down 0.2 %

Shares of CMG stock traded down $0.12 during trading on Monday, reaching $56.38. 5,204,691 shares of the company’s stock were exchanged, compared to its average volume of 7,905,994. Chipotle Mexican Grill, Inc. has a twelve month low of $45.50 and a twelve month high of $69.26. The firm’s fifty day moving average price is $60.94 and its 200-day moving average price is $58.00. The stock has a market capitalization of $76.82 billion, a PE ratio of 52.48, a PEG ratio of 2.64 and a beta of 1.27.

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

Analysts Set New Price Targets

Several research firms have recently commented on CMG. Wedbush reissued an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Truist Financial boosted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Citigroup decreased their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Robert W. Baird upped their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer increased 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. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company 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.