Miracle Mile Advisors LLC Has $7.95 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Miracle Mile Advisors LLC raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 37.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,784 shares of the restaurant operator’s stock after purchasing an additional 35,915 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Chipotle Mexican Grill were worth $7,947,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Burns J W & Co. Inc. NY raised its position in Chipotle Mexican Grill by 75.4% in the 4th quarter. Burns J W & Co. Inc. NY now owns 15,470 shares of the restaurant operator’s stock valued at $933,000 after buying an additional 6,650 shares during the last quarter. Claro Advisors LLC boosted its holdings in Chipotle Mexican Grill by 14.2% during the fourth quarter. Claro Advisors LLC now owns 7,710 shares of the restaurant operator’s stock worth $465,000 after purchasing an additional 961 shares during the last quarter. Enterprise Bank & Trust Co grew its position in Chipotle Mexican Grill by 2.3% in the fourth quarter. Enterprise Bank & Trust Co now owns 57,254 shares of the restaurant operator’s stock valued at $3,452,000 after purchasing an additional 1,279 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in Chipotle Mexican Grill by 3.8% during the 4th quarter. Harbour Capital Advisors LLC now owns 52,850 shares of the restaurant operator’s stock worth $3,155,000 after buying an additional 1,950 shares in the last quarter. Finally, Clean Yield Group boosted its stake in shares of Chipotle Mexican Grill by 5.1% during the 4th quarter. Clean Yield Group now owns 62,482 shares of the restaurant operator’s stock worth $3,768,000 after buying an additional 3,006 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Evercore ISI increased their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Stephens reissued an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. BMO Capital Markets boosted their target price 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. Citigroup cut their price target on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Wedbush restated an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.81.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded down $0.26 during mid-day trading on Monday, reaching $56.24. The company had a trading volume of 8,134,981 shares, compared to its average volume of 8,371,917. The firm has a market cap of $76.63 billion, a price-to-earnings ratio of 52.35, a PEG ratio of 2.64 and a beta of 1.27. The business’s 50-day simple moving average is $60.94 and its 200 day simple moving average is $58.00. Chipotle Mexican Grill, Inc. has a one year low of $45.50 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the firm posted $0.23 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill 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 sale, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.02% of the company’s stock.

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.