3Chopt Investment Partners LLC Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

3Chopt Investment Partners LLC lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 192.9% in the 3rd quarter, Holdings Channel reports. The firm owned 28,501 shares of the restaurant operator’s stock after acquiring an additional 18,769 shares during the period. 3Chopt Investment Partners LLC’s holdings in Chipotle Mexican Grill were worth $1,642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMG. Shellback Capital LP lifted its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after acquiring an additional 122,500 shares during the period. Hantz Financial Services Inc. raised its holdings 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 during the last quarter. L & S Advisors Inc bought a new position in Chipotle Mexican Grill during the third quarter valued at approximately $3,256,000. Optas LLC grew its position in Chipotle Mexican Grill by 318.5% in the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after purchasing an additional 13,060 shares during the period. Finally, Savvy Advisors Inc. bought a new stake in Chipotle Mexican Grill in the 3rd quarter worth approximately $758,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $64.58 on Tuesday. The company’s fifty day moving average price is $59.55 and its 200-day moving average price is $81.11. Chipotle Mexican Grill, Inc. has a one year low of $44.08 and a one year high of $69.26. The company has a market capitalization of $88.00 billion, a PE ratio of 60.36, a price-to-earnings-growth ratio of 2.63 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CMG shares. Loop Capital lifted their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. TD Cowen upped their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Truist Financial raised their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada started coverage on shares of Chipotle Mexican Grill in a report on Friday, November 15th. They set an “outperform” rating and a $70.00 target price for the company. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

Insider Buying and Selling

In related news, insider Curtis E. Garner sold 15,750 shares of the company’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 sale, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,290 shares of company stock worth $1,866,023. Corporate 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.