Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by PDS Planning Inc

PDS Planning Inc raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 26.2% in the third quarter, HoldingsChannel.com reports. The fund owned 5,994 shares of the restaurant operator’s stock after purchasing an additional 1,244 shares during the quarter. PDS Planning Inc’s holdings in Chipotle Mexican Grill were worth $345,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First National Bank of Hutchinson raised its position in shares of Chipotle Mexican Grill by 1.1% in the first quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock valued at $1,099,000 after buying an additional 4 shares during the last quarter. Pacific Center for Financial Services increased its stake in Chipotle Mexican Grill by 8.0% in the first 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 last quarter. Abbrea Capital LLC boosted its stake in Chipotle Mexican Grill by 4.3% in the 1st quarter. Abbrea Capital LLC now owns 122 shares of the restaurant operator’s stock worth $355,000 after buying an additional 5 shares during the last quarter. PFG Advisors grew its holdings in Chipotle Mexican Grill by 3.8% in the 1st quarter. PFG Advisors now owns 136 shares of the restaurant operator’s stock valued at $396,000 after buying an additional 5 shares during the period. Finally, Verus Capital Partners LLC increased its stake in shares of Chipotle Mexican Grill by 1.2% during the 1st quarter. Verus Capital Partners LLC now owns 413 shares of the restaurant operator’s stock valued at $1,200,000 after acquiring an additional 5 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $56.38 on Tuesday. The firm has a fifty day moving average of $57.31 and a 200-day moving average of $81.45. The company has a market cap of $77.21 billion, a price-to-earnings ratio of 52.48, a price-to-earnings-growth ratio of 2.27 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 1 year low of $40.73 and a 1 year high of $69.26.

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

Wall Street Analysts Forecast Growth

CMG has been the topic of several research analyst reports. Truist Financial raised their target price on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. KeyCorp reduced their target price on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Barclays upped their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their price objective on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $64.47.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is currently owned by corporate insiders.

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.