Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Boosted by Bfsg LLC

Bfsg LLC lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 276.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,323 shares of the restaurant operator’s stock after purchasing an additional 39,172 shares during the quarter. Bfsg LLC’s holdings in Chipotle Mexican Grill were worth $3,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth approximately $25,000. Riverview Trust Co raised its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares in the last quarter. RiverPark Advisors LLC boosted its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the last quarter. Archer Investment Corp purchased a new position in Chipotle Mexican Grill in the second quarter valued at about $25,000. Finally, Oliver Lagore Vanvalin Investment Group increased its position in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on CMG. Evercore ISI boosted their price target on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Cowen reissued a “buy” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, September 12th. Raymond James cut their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Finally, BMO Capital Markets cut their target price on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.03.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $59.11 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $35.97 and a 52-week high of $69.26. The firm has a market capitalization of $81.18 billion, a PE ratio of 62.88, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The company’s fifty day moving average price is $55.96 and its two-hundred day moving average price is $81.26.

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 the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $12.65 earnings per share. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now 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 the SEC website. In other news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill 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 transaction, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,684 shares of company stock valued at $2,817,127. Corporate 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.