Baltimore Washington Financial Advisors Inc. Has $25.29 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Baltimore Washington Financial Advisors Inc. lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 438,978 shares of the restaurant operator’s stock after buying an additional 9,022 shares during the period. Chipotle Mexican Grill comprises approximately 1.4% of Baltimore Washington Financial Advisors Inc.’s portfolio, making the stock its 23rd biggest position. Baltimore Washington Financial Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $25,294,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Advisors Asset Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 53.7% during the first quarter. Advisors Asset Management Inc. now owns 455 shares of the restaurant operator’s stock worth $1,323,000 after acquiring an additional 159 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth $294,000. SVB Wealth LLC raised its holdings in shares of Chipotle Mexican Grill by 3.7% during the first quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock worth $407,000 after acquiring an additional 5 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Chipotle Mexican Grill by 2.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 633 shares of the restaurant operator’s stock worth $1,840,000 after acquiring an additional 13 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its holdings in Chipotle Mexican Grill by 235.8% during the first quarter. Meiji Yasuda Life Insurance Co now owns 460 shares of the restaurant operator’s stock valued at $1,337,000 after buying an additional 323 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill 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 transaction of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The trade was a 4.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on 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. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,290 shares of company stock worth $1,866,023. Insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CMG. Oppenheimer restated an “outperform” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Citigroup lowered 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. Robert W. Baird lifted their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Stephens reissued an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Finally, Evercore ISI lifted their price objective on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.27.

Chipotle Mexican Grill Price Performance

CMG stock opened at $62.01 on Friday. The company has a 50 day moving average price of $58.45 and a 200 day moving average price of $81.06. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.66 and a fifty-two week high of $69.26. The stock has a market capitalization of $84.49 billion, a PE ratio of 57.95, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

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

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.