Kornitzer Capital Management Inc. KS Acquires 14,695 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Kornitzer Capital Management Inc. KS raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 39.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,895 shares of the restaurant operator’s stock after buying an additional 14,695 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Chipotle Mexican Grill were worth $2,990,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Shellback Capital LP raised its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after buying an additional 122,500 shares during the period. Swedbank AB acquired a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $53,979,000. Optas LLC grew its position in shares of Chipotle Mexican Grill by 318.5% in the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock valued at $989,000 after purchasing an additional 13,060 shares during the last quarter. Pathway Financial Advisers LLC grew its position in shares of Chipotle Mexican Grill by 5,662.0% in the third quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock valued at $498,000 after purchasing an additional 8,493 shares during the last quarter. Finally, Transform Wealth LLC grew its position in shares of Chipotle Mexican Grill by 4,760.7% in the second quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after purchasing an additional 9,331 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill 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 completion of the transaction, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their position. The transaction 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 Chipotle Mexican Grill stock in a transaction that occurred 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 transaction, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill 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 transaction, the director now directly 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. In the last quarter, insiders sold 33,290 shares of company stock worth $1,866,023. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $58.21 on Friday. The company has a market cap of $79.72 billion, a PE ratio of 54.18, a P/E/G ratio of 2.27 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a one year low of $41.19 and a one year high of $69.26. The stock has a 50-day moving average of $57.35 and a 200-day moving average of $81.28.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Raymond James decreased their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Loop Capital increased their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price target on Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Citigroup reduced their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays increased their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.