135,416 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Chiron Investment Management LLC

Chiron Investment Management LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 135,416 shares of the restaurant operator’s stock, valued at approximately $7,803,000. Chipotle Mexican Grill makes up about 2.7% of Chiron Investment Management LLC’s investment portfolio, making the stock its 13th largest holding.

A number of other large investors also recently added to or reduced their stakes in CMG. NINE MASTS CAPITAL Ltd purchased a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $470,000. RFG Advisory LLC lifted its holdings in Chipotle Mexican Grill by 5,966.7% in the 2nd quarter. RFG Advisory LLC now owns 4,550 shares of the restaurant operator’s stock worth $285,000 after purchasing an additional 4,475 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Chipotle Mexican Grill by 5,708.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 11,559 shares of the restaurant operator’s stock worth $724,000 after purchasing an additional 11,360 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Chipotle Mexican Grill by 5,293.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 19,094 shares of the restaurant operator’s stock worth $1,196,000 after purchasing an additional 18,740 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Diversified Trust Co now owns 23,700 shares of the restaurant operator’s stock worth $1,485,000 after purchasing an additional 23,226 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 0.4 %

Shares of Chipotle Mexican Grill stock opened at $64.84 on Wednesday. The stock’s fifty day moving average is $59.55 and its two-hundred day moving average is $81.11. The company has a market capitalization of $88.34 billion, a PE ratio of 60.59, a price-to-earnings-growth ratio of 2.63 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $44.08 and a 52 week high of $69.26.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMG. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $67.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. TD Cowen lifted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada began coverage on Chipotle Mexican Grill in a research note on Friday, November 15th. They issued an “outperform” rating and a $70.00 price objective on the stock. Stephens reaffirmed an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Finally, Barclays lifted their price objective on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.42.

Insiders Place Their Bets

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 stock was 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the sale, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

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.