FFG Partners LLC Acquires 141,140 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

FFG Partners LLC grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,032.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 144,640 shares of the restaurant operator’s stock after purchasing an additional 141,140 shares during the quarter. Chipotle Mexican Grill makes up 2.9% of FFG Partners LLC’s portfolio, making the stock its 15th biggest position. FFG Partners LLC’s holdings in Chipotle Mexican Grill were worth $8,334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMG. Retirement Systems of Alabama boosted its position in Chipotle Mexican Grill by 29.8% during the 3rd quarter. Retirement Systems of Alabama now owns 1,196,083 shares of the restaurant operator’s stock valued at $68,918,000 after acquiring an additional 274,533 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Chipotle Mexican Grill during the third quarter valued at about $432,000. American Trust purchased a new position in Chipotle Mexican Grill in the third quarter valued at about $756,000. Old North State Trust LLC lifted its position in shares of Chipotle Mexican Grill by 1.8% during the third quarter. Old North State Trust LLC now owns 22,549 shares of the restaurant operator’s stock valued at $1,299,000 after buying an additional 399 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Chipotle Mexican Grill by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after buying an additional 381,873 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CMG shares. TD Cowen raised their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays raised their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Piper Sandler boosted 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 report on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Evercore ISI boosted their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $65.71.

Chipotle Mexican Grill Trading Down 0.7 %

CMG traded down $0.47 during trading on Friday, hitting $65.69. The company’s stock had a trading volume of 439,577 shares, compared to its average volume of 13,397,598. The firm has a market capitalization of $89.51 billion, a price-to-earnings ratio of 61.60, a P/E/G ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $44.08 and a twelve month high of $69.26. The business’s fifty day simple moving average is $60.05 and its 200 day simple moving average is $80.92.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion for 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 firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. This trade represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % 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 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.