Safeguard Financial LLC Invests $344,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Safeguard Financial LLC purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 5,700 shares of the restaurant operator’s stock, valued at approximately $344,000.

Other institutional investors have also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the last quarter. ZRC Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 384 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $31,000. Transcendent Capital Group LLC grew its holdings in shares of Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of a number of recent analyst reports. Stephens reiterated an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Robert W. Baird increased their price objective 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. Evercore ISI increased their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Royal Bank of Canada increased their price objective on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company increased their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Stock Performance

CMG opened at $56.35 on Wednesday. The stock has a market capitalization of $76.78 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 2.64 and a beta of 1.27. The company has a fifty day moving average of $60.94 and a 200 day moving average of $57.91. Chipotle Mexican Grill, Inc. has a fifty-two week low of $45.50 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the company posted $0.23 EPS. The business’s revenue was up 13.0% on a year-over-year basis. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were 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 trade represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.