Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 33.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,972 shares of the restaurant operator’s stock after buying an additional 14,630 shares during the period. Apollon Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $3,496,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. raised its stake in shares of Chipotle Mexican Grill by 5,897.8% during the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after purchasing an additional 48,126 shares in the last quarter. L & S Advisors Inc acquired a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $3,256,000. Optas LLC raised its position in shares of Chipotle Mexican Grill by 318.5% during the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after buying an additional 13,060 shares in the last quarter. Lockheed Martin Investment Management Co. lifted its stake in shares of Chipotle Mexican Grill by 19.6% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 177,630 shares of the restaurant operator’s stock worth $10,711,000 after acquiring an additional 29,140 shares during the period. Finally, Harrell Investment Partners LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $2,513,000. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CMG. Wedbush decreased their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday. Stephens lowered their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Stifel Nicolaus cut their target price on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday. Jefferies Financial Group upped their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, KeyCorp reduced their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Stock Down 0.1 %

Chipotle Mexican Grill stock opened at $57.29 on Friday. The business’s 50-day simple moving average is $60.09 and its 200 day simple moving average is $57.86. The stock has a market cap of $78.06 billion, a price-to-earnings ratio of 51.60, a P/E/G ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated 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 sale, 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 document filed with the SEC, which can be accessed through this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill 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.