Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Raised by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.8% during the third quarter, Holdings Channel.com reports. The firm owned 348,430 shares of the restaurant operator’s stock after acquiring an additional 34,081 shares during the period. Van ECK Associates Corp’s holdings in Chipotle Mexican Grill were worth $20,564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Semmax Financial Advisors Inc. raised its position in Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 9 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $44,000. LRI Investments LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $168,000. Pacific Center for Financial Services increased its holdings in shares of Chipotle Mexican Grill by 8.0% in the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after purchasing an additional 4 shares during the period. Finally, Nwam LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $220,000. 91.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares in the company, valued at $26,052,740.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of research reports. Wedbush restated an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Stephens reduced their target price on Chipotle Mexican Grill from $66.00 to $65.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Barclays raised their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Guggenheim lifted their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Ten investment 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 has a consensus rating of “Moderate Buy” and a consensus target price of $64.47.

Chipotle Mexican Grill Trading Down 3.8 %

Shares of NYSE:CMG opened at $56.38 on Tuesday. Chipotle Mexican Grill, Inc. has a 12-month low of $40.73 and a 12-month high of $69.26. The company has a market capitalization of $77.21 billion, a PE ratio of 52.48, a PEG ratio of 2.27 and a beta of 1.26. The business has a 50 day moving average of $57.31 and a two-hundred day moving average of $81.45.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 EPS. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

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.