Aaron Wealth Advisors LLC Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Aaron Wealth Advisors LLC raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 32.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,703 shares of the restaurant operator’s stock after acquiring an additional 2,403 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $559,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stonegate Investment Group LLC lifted its stake in shares of Chipotle Mexican Grill by 21.8% during the 3rd quarter. Stonegate Investment Group LLC now owns 11,252 shares of the restaurant operator’s stock valued at $648,000 after buying an additional 2,012 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Chipotle Mexican Grill by 124.6% during the third quarter. V Square Quantitative Management LLC now owns 7,137 shares of the restaurant operator’s stock worth $411,000 after acquiring an additional 3,960 shares in the last quarter. Onyx Bridge Wealth Group LLC boosted its holdings in shares of Chipotle Mexican Grill by 15.0% in the third quarter. Onyx Bridge Wealth Group LLC now owns 4,037 shares of the restaurant operator’s stock worth $233,000 after acquiring an additional 526 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Chipotle Mexican Grill by 2.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 145,012 shares of the restaurant operator’s stock valued at $8,356,000 after purchasing an additional 3,762 shares in the last quarter. Finally, Drake & Associates LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $326,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.9 %

Shares of CMG opened at $59.39 on Friday. The stock has a market capitalization of $81.56 billion, a P/E ratio of 63.18, a PEG ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a twelve month low of $35.97 and a twelve month high of $69.26. The firm has a fifty day simple moving average of $56.13 and a two-hundred day simple moving average of $81.12.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business posted $12.65 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 18.2% on a year-over-year basis. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on CMG shares. KeyCorp reduced their target price on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Piper Sandler upped their target price on shares of Chipotle Mexican Grill from $56.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Wedbush reiterated an “outperform” rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Finally, BMO Capital Markets lowered their price objective on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $63.03.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the sale, the insider now owns 358,300 shares in the company, valued at $19,591,844. 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 is available at this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,684 shares of company stock worth $2,817,127. 1.02% of the stock is currently owned by company insiders.

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.