Y Intercept Hong Kong Ltd Purchases Shares of 70,267 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Y Intercept Hong Kong Ltd purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 70,267 shares of the restaurant operator’s stock, valued at approximately $4,237,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC grew 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 acquiring an additional 475 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $33,000. Sound Income Strategies LLC boosted its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares during the period. Truvestments Capital LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth about $37,000. Finally, Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $45,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 3.0 %

NYSE:CMG opened at $51.47 on Monday. The company has a fifty day moving average of $58.38 and a 200 day moving average of $58.16. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The firm has a market capitalization of $69.76 billion, a P/E ratio of 46.36, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

CMG has been the subject of several analyst reports. Raymond James dropped their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. BMO Capital Markets boosted their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Stifel Nicolaus lowered their price objective on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Evercore ISI upped their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Oppenheimer upped their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.31.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction dated 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. This represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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.