Onyx Bridge Wealth Group LLC Acquires 526 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Onyx Bridge Wealth Group LLC raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,037 shares of the restaurant operator’s stock after purchasing an additional 526 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Chipotle Mexican Grill were worth $233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Fisher Asset Management LLC boosted its holdings in Chipotle Mexican Grill by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 2,384 shares of the restaurant operator’s stock valued at $5,453,000 after acquiring an additional 39 shares during the last quarter. Perpetual Ltd acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $730,000. Banque Cantonale Vaudoise boosted its stake in shares of Chipotle Mexican Grill by 28.2% in the 1st quarter. Banque Cantonale Vaudoise now owns 786 shares of the restaurant operator’s stock valued at $2,285,000 after purchasing an additional 173 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Chipotle Mexican Grill by 8.6% during the first quarter. Park Avenue Securities LLC now owns 618 shares of the restaurant operator’s stock worth $1,796,000 after buying an additional 49 shares during the period. Finally, RFG Advisory LLC bought a new position in Chipotle Mexican Grill during the first quarter worth $218,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $59.39 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.97 and a fifty-two week high of $69.26. The firm’s 50-day simple moving average is $56.13 and its 200 day simple moving average is $81.12. The stock has a market cap of $81.56 billion, a PE ratio of 63.18, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last announced 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. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $12.65 EPS. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CMG. Robert W. Baird cut their price target on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Evercore ISI raised their target price on Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday. Oppenheimer reiterated an “outperform” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Finally, Raymond James lowered their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.03.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill 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 sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,684 shares of company stock worth $2,817,127 in the last quarter. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Company 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.