Safe Harbor Fiduciary LLC Invests $58,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Safe Harbor Fiduciary LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,000 shares of the restaurant operator’s stock, valued at approximately $58,000.

A number of other hedge funds have also recently modified their holdings of the company. NINE MASTS CAPITAL Ltd purchased a new position in shares of Chipotle Mexican Grill during the second quarter valued at about $470,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Chipotle Mexican Grill during the second quarter valued at about $25,000. Park Avenue Securities LLC increased its position in shares of Chipotle Mexican Grill by 5,057.1% during the second quarter. Park Avenue Securities LLC now owns 31,871 shares of the restaurant operator’s stock valued at $1,997,000 after buying an additional 31,253 shares during the period. CWM LLC increased its position in shares of Chipotle Mexican Grill by 6,172.1% during the second quarter. CWM LLC now owns 40,079 shares of the restaurant operator’s stock valued at $2,511,000 after buying an additional 39,440 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its holdings in Chipotle Mexican Grill by 3,601.2% in the second quarter. Linden Thomas Advisory Services LLC now owns 9,549 shares of the restaurant operator’s stock worth $598,000 after purchasing an additional 9,291 shares during the period. Hedge funds and other institutional investors 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 business’s stock in a transaction dated 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 of the company’s stock, valued at $2,340,333.80. The trade was a 4.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the business’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 completion of the sale, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $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 sold 33,290 shares of company stock worth $1,866,023 over the last 90 days. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Stock Performance

CMG opened at $63.90 on Thursday. The stock has a market capitalization of $87.07 billion, a price-to-earnings ratio of 59.48, a PEG ratio of 2.45 and a beta of 1.27. The company has a fifty day moving average of $59.11 and a 200 day moving average of $80.95. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.08 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating 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 business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business earned $0.23 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Piper Sandler upped their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. TD Cowen upped their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Citigroup dropped their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.34.

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.