Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by TFB Advisors LLC

TFB Advisors LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 77.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,575 shares of the restaurant operator’s stock after purchasing an additional 6,813 shares during the quarter. TFB Advisors LLC’s holdings in Chipotle Mexican Grill were worth $897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC acquired a new position in Chipotle Mexican Grill in the third quarter valued at $1,544,000. Western Pacific Wealth Management LP increased its position in shares of Chipotle Mexican Grill by 9.2% during the third quarter. Western Pacific Wealth Management LP now owns 3,428 shares of the restaurant operator’s stock worth $198,000 after purchasing an additional 288 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Chipotle Mexican Grill by 39.5% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 51,895 shares of the restaurant operator’s stock valued at $2,990,000 after purchasing an additional 14,695 shares during the last quarter. Ascent Wealth Partners LLC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $366,000. Finally, Montecito Bank & Trust grew its position in shares of Chipotle Mexican Grill by 35.9% during the third quarter. Montecito Bank & Trust now owns 5,775 shares of the restaurant operator’s stock worth $333,000 after acquiring an additional 1,525 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the transaction, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 0.00 % 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. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,290 shares of company stock valued at $1,866,023. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $58.21 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $41.19 and a 12 month high of $69.26. The company has a market cap of $79.72 billion, a price-to-earnings ratio of 54.18, a price-to-earnings-growth ratio of 2.27 and a beta of 1.26. The stock’s 50-day moving average is $57.35 and its 200-day moving average is $81.28.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. KeyCorp decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. BMO Capital Markets boosted their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. TD Cowen raised their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Finally, Citigroup lowered their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.47.

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.