Tyche Wealth Partners LLC Invests $332,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Tyche Wealth Partners LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,753 shares of the restaurant operator’s stock, valued at approximately $332,000.

A number of other hedge funds have also made changes to their positions in the company. Diversify Advisory Services LLC increased its position in shares of Chipotle Mexican Grill by 74.9% during the 3rd quarter. Diversify Advisory Services LLC now owns 26,236 shares of the restaurant operator’s stock worth $1,571,000 after purchasing an additional 11,232 shares in the last quarter. Integrated Advisors Network LLC increased its position in Chipotle Mexican Grill by 147.6% in the 3rd quarter. Integrated Advisors Network LLC now owns 43,628 shares of the restaurant operator’s stock valued at $2,514,000 after acquiring an additional 26,011 shares in the last quarter. abrdn plc increased its position in Chipotle Mexican Grill by 6.2% in the 3rd quarter. abrdn plc now owns 547,501 shares of the restaurant operator’s stock valued at $31,572,000 after acquiring an additional 31,751 shares in the last quarter. Pallas Capital Advisors LLC increased its position in Chipotle Mexican Grill by 45.2% in the 3rd quarter. Pallas Capital Advisors LLC now owns 9,042 shares of the restaurant operator’s stock valued at $537,000 after acquiring an additional 2,816 shares in the last quarter. Finally, Old Port Advisors increased its position in Chipotle Mexican Grill by 6.5% in the 3rd quarter. Old Port Advisors now owns 6,049 shares of the restaurant operator’s stock valued at $349,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Raymond James lowered their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research report on Thursday, July 25th. KeyCorp lowered their price target on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Wedbush reiterated an “outperform” rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Finally, Loop Capital reduced their price objective on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. Ten research 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, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $63.03.

Insider Activity

In other news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred on 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,684 shares of company stock worth $2,817,127 over the last ninety days. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.0 %

Shares of NYSE CMG traded down $0.03 during midday trading on Tuesday, reaching $60.57. The company’s stock had a trading volume of 5,370,412 shares, compared to its average volume of 13,843,271. Chipotle Mexican Grill, Inc. has a fifty-two week low of $37.49 and a fifty-two week high of $69.26. The stock has a market capitalization of $83.18 billion, a price-to-earnings ratio of 64.35, a PEG ratio of 2.41 and a beta of 1.25. The stock has a 50 day simple moving average of $56.93 and a 200-day simple moving average of $81.49.

About Chipotle Mexican Grill

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.