Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Boosted by Forum Financial Management LP

Forum Financial Management LP increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,013 shares of the restaurant operator’s stock after acquiring an additional 553 shares during the period. Forum Financial Management LP’s holdings in Chipotle Mexican Grill were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. BSW Wealth Partners lifted its stake in shares of Chipotle Mexican Grill by 27.7% in the 3rd quarter. BSW Wealth Partners now owns 9,156 shares of the restaurant operator’s stock valued at $528,000 after purchasing an additional 1,985 shares during the last quarter. Van ECK Associates Corp raised its holdings in Chipotle Mexican Grill by 10.8% in the 3rd quarter. Van ECK Associates Corp now owns 348,430 shares of the restaurant operator’s stock worth $20,564,000 after acquiring an additional 34,081 shares during the period. Confluence Wealth Services Inc. lifted its position in Chipotle Mexican Grill by 21.7% during the 3rd quarter. Confluence Wealth Services Inc. now owns 5,173 shares of the restaurant operator’s stock worth $298,000 after acquiring an additional 923 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Chipotle Mexican Grill by 4.2% in the third quarter. Janney Montgomery Scott LLC now owns 425,743 shares of the restaurant operator’s stock valued at $24,531,000 after purchasing an additional 17,268 shares during the last quarter. Finally, Optas LLC lifted its position in shares of Chipotle Mexican Grill by 318.5% during 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 last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CMG shares. KeyCorp cut their price target 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. Robert W. Baird upped their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Wells Fargo & Company boosted their price target on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Raymond James dropped their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.47.

Chipotle Mexican Grill Stock Down 3.8 %

Shares of CMG opened at $56.38 on Tuesday. The stock’s fifty day simple moving average is $57.31 and its 200-day simple moving average is $81.45. The firm has a market capitalization of $77.21 billion, a PE ratio of 52.48, a price-to-earnings-growth ratio of 2.27 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 12-month low of $40.73 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the business posted $0.23 earnings per share. Chipotle Mexican Grill’s revenue was up 13.0% compared to the same quarter last year. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the sale, the insider now 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 the SEC website. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the 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 completion of the sale, the insider now directly owns 457,764 shares in the company, valued at $26,115,436.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’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 transaction of $100,920.20. Following the sale, the director now owns 41,510 shares in the company, 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. Insiders have sold 33,290 shares of company stock worth $1,866,023 in the last three months. Insiders own 1.02% of the company’s stock.

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.