Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Covestor Ltd

Covestor Ltd boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,167 shares of the restaurant operator’s stock after acquiring an additional 253 shares during the period. Covestor Ltd’s holdings in Chipotle Mexican Grill were worth $240,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First National Bank of Hutchinson lifted its holdings in shares of Chipotle Mexican Grill by 1.1% in the 1st quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock valued at $1,099,000 after purchasing an additional 4 shares during the last quarter. Pacific Center for Financial Services increased its position in Chipotle Mexican Grill by 8.0% during the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after buying an additional 4 shares during the period. PFG Advisors lifted its stake in Chipotle Mexican Grill by 3.8% in the first quarter. PFG Advisors now owns 136 shares of the restaurant operator’s stock valued at $396,000 after buying an additional 5 shares during the last quarter. Abbrea Capital LLC boosted its holdings in shares of 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 acquiring an additional 5 shares during the period. Finally, Verus Capital Partners LLC raised its position 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 purchasing an additional 5 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CMG shares. Piper Sandler increased their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Raymond James decreased their price objective on 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. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Citigroup cut their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Loop Capital lifted their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $64.47.

Chipotle Mexican Grill Trading Up 1.0 %

Shares of CMG opened at $58.81 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $41.72 and a 12-month high of $69.26. The stock has a market cap of $80.13 billion, a P/E ratio of 54.74, a PEG ratio of 2.32 and a beta of 1.26. The company has a 50-day moving average of $57.46 and a two-hundred day moving average of $81.12.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related 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 sale, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. This trade 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 firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, the insider now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were 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 $2,340,333.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock valued at $1,866,023 over the last three months. 1.02% of the stock is currently owned by insiders.

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.