Leeward Financial Partners LLC Grows Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Leeward Financial Partners LLC grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 38.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,669 shares of the restaurant operator’s stock after purchasing an additional 2,119 shares during the quarter. Leeward Financial Partners LLC’s holdings in Chipotle Mexican Grill were worth $442,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Graypoint LLC lifted its holdings in shares of Chipotle Mexican Grill by 5.3% during the first quarter. Graypoint LLC now owns 158 shares of the restaurant operator’s stock worth $459,000 after purchasing an additional 8 shares during the period. Smith Salley Wealth Management purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at about $224,000. Central Pacific Bank Trust Division purchased a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $561,000. Pictet North America Advisors SA acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $1,512,000. Finally, AA Financial Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $387,000. Institutional investors own 91.31% of the company’s stock.

Insider Activity

In related news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill 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 sale, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was 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 available at this link. In related news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was 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 in the company, valued at approximately $26,115,436.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,684 shares of company stock worth $2,817,127. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.4 %

Shares of CMG traded down $0.84 during trading hours on Monday, reaching $57.75. The company’s stock had a trading volume of 1,383,534 shares, compared to its average volume of 13,970,306. Chipotle Mexican Grill, Inc. has a 1-year low of $40.73 and a 1-year high of $69.26. The firm has a market cap of $79.09 billion, a price-to-earnings ratio of 54.53, a P/E/G ratio of 2.27 and a beta of 1.26. The company has a 50 day moving average of $57.28 and a two-hundred day moving average of $81.46.

Chipotle Mexican Grill (NYSE:CMG) last issued 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. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the business posted $0.23 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CMG. Piper Sandler raised their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group decreased their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Robert W. Baird raised their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, Citigroup dropped their price target on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.