CFM Wealth Partners LLC Lowers Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

CFM Wealth Partners LLC trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 98.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,879 shares of the restaurant operator’s stock after selling 92,763 shares during the period. CFM Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $108,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Shellback Capital LP lifted its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after acquiring an additional 122,500 shares during the period. Swedbank AB acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $53,979,000. Transform Wealth LLC grew its position in Chipotle Mexican Grill by 4,760.7% in the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after buying an additional 9,331 shares during the last quarter. First Hawaiian Bank grew its position in Chipotle Mexican Grill by 4,731.0% in the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock valued at $1,074,000 after buying an additional 16,795 shares during the last quarter. Finally, Legacy Private Trust Co. acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $2,267,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.9 %

Shares of NYSE CMG opened at $59.81 on Wednesday. The business has a 50 day simple moving average of $55.85 and a 200-day simple moving average of $81.42. Chipotle Mexican Grill, Inc. has a twelve month low of $35.58 and a twelve month high of $69.26. The company has a market capitalization of $82.14 billion, a price-to-earnings ratio of 63.63, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the firm posted $12.65 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,684 shares of company stock worth $2,817,127. 1.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CMG has been the topic of several analyst reports. Guggenheim lifted their target price on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Citigroup raised their price target on Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group dropped their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, StockNews.com lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.03.

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.