17 Capital Partners LLC Has $821,000 Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

17 Capital Partners LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,242 shares of the restaurant operator’s stock after purchasing an additional 392 shares during the period. 17 Capital Partners LLC’s holdings in Chipotle Mexican Grill were worth $821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. First National Bank of Hutchinson boosted its position in Chipotle Mexican Grill by 1.1% during the 1st quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock worth $1,099,000 after acquiring an additional 4 shares during the last quarter. Pacific Center for Financial Services lifted its position in shares of Chipotle Mexican Grill by 8.0% in the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after purchasing an additional 4 shares in the last quarter. PFG Advisors boosted its holdings in Chipotle Mexican Grill by 3.8% during the first quarter. PFG Advisors now owns 136 shares of the restaurant operator’s stock worth $396,000 after purchasing an additional 5 shares during the last quarter. Abbrea Capital LLC grew its position in Chipotle Mexican Grill by 4.3% in the first quarter. Abbrea Capital LLC now owns 122 shares of the restaurant operator’s stock valued at $355,000 after purchasing an additional 5 shares in the last quarter. Finally, Verus Capital Partners LLC increased its stake in Chipotle Mexican Grill by 1.2% in the 1st quarter. Verus Capital Partners LLC now owns 413 shares of the restaurant operator’s stock valued at $1,200,000 after buying an additional 5 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 1.0 %

Shares of Chipotle Mexican Grill stock opened at $58.81 on Friday. The stock has a market capitalization of $80.13 billion, a price-to-earnings ratio of 54.74, a price-to-earnings-growth ratio of 2.32 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a twelve month low of $41.72 and a twelve month high of $69.26. The company has a 50-day simple moving average of $57.46 and a two-hundred day simple moving average of $81.12.

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

Insider Buying and Selling at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the 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 of the company’s stock, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’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 transaction of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares in the company, 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. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were 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 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. Insiders sold 33,290 shares of company stock valued at $1,866,023 in the last three months. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CMG shares. Piper Sandler upped their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. BMO Capital Markets raised their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Robert W. Baird upped their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price target on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a research note 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $64.47.

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.