SBI Securities Co. Ltd. Invests $784,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

SBI Securities Co. Ltd. bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,007 shares of the restaurant operator’s stock, valued at approximately $784,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC increased its position 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 purchasing an additional 475 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth $33,000. Sound Income Strategies LLC increased its holdings in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Chipotle Mexican Grill in the third quarter valued at $37,000. Finally, Financial Life Planners purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth about $45,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $54.34 on Tuesday. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The company has a fifty day moving average of $57.23 and a 200-day moving average of $58.13. The stock has a market capitalization of $73.65 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity

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 value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Citigroup increased their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Wells Fargo & Company lowered their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Raymond James cut their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.60.

Chipotle Mexican Grill Company Profile

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.