Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by PSI Advisors LLC

PSI Advisors LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 51.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,650 shares of the restaurant operator’s stock after acquiring an additional 900 shares during the quarter. PSI Advisors LLC’s holdings in Chipotle Mexican Grill were worth $153,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CMG. Truist Financial raised their target price on Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. The Goldman Sachs Group decreased their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. TD Cowen reiterated a “buy” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, September 12th. Finally, Wedbush reiterated an “outperform” rating and issued a $58.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, August 29th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.03.

Chipotle Mexican Grill Stock Up 0.4 %

CMG opened at $59.26 on Thursday. The firm has a market cap of $81.38 billion, a price-to-earnings ratio of 62.78, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 52 week low of $35.97 and a 52 week high of $69.26. The business’s 50 day moving average is $56.52 and its two-hundred day moving average is $81.32.

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

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other 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 value of $951,103.92. Following the transaction, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,684 shares of company stock valued at $2,817,127 over the last quarter. 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.