Birchcreek Wealth Management LLC Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Birchcreek Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,159 shares of the restaurant operator’s stock after purchasing an additional 756 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $355,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Pacific Center for Financial Services grew its stake in Chipotle Mexican Grill by 8.0% during the 1st 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. SVB Wealth LLC grew its stake in Chipotle Mexican Grill by 3.7% during the 1st quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 5 shares in the last quarter. Nicolet Advisory Services LLC grew its stake in Chipotle Mexican Grill by 1.9% during the 1st quarter. Nicolet Advisory Services LLC now owns 318 shares of the restaurant operator’s stock worth $931,000 after purchasing an additional 6 shares in the last quarter. Freestone Capital Holdings LLC grew its stake in Chipotle Mexican Grill by 5.4% during the 1st quarter. Freestone Capital Holdings LLC now owns 136 shares of the restaurant operator’s stock worth $396,000 after purchasing an additional 7 shares in the last quarter. Finally, Semmax Financial Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 225.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after buying an additional 9 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CMG shares. BMO Capital Markets lifted their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Stephens reissued an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday. Loop Capital boosted their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada initiated coverage on Chipotle Mexican Grill in a report on Friday. They issued an “outperform” rating and a $70.00 target price for the company. Finally, Citigroup reduced their target price on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG traded down $0.63 during mid-day trading on Friday, reaching $59.28. 560,652 shares of the company traded hands, compared to its average volume of 13,823,571. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.10 and a fifty-two week high of $69.26. The firm has a market cap of $80.77 billion, a PE ratio of 55.77, a price-to-earnings-growth ratio of 2.39 and a beta of 1.26. The stock has a fifty day simple moving average of $57.78 and a 200-day simple moving average of $81.24.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results 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. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the company’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 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the sale, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock valued at $1,866,023 in the last three months. 1.02% of the stock is currently owned by company 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.