Ashton Thomas Securities LLC Invests $524,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ashton Thomas Securities LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 9,100 shares of the restaurant operator’s stock, valued at approximately $524,000.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of Chipotle Mexican Grill by 4,732.3% during the 2nd quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after purchasing an additional 19,759,754 shares during the last quarter. Legal & General Group Plc grew its position in shares of Chipotle Mexican Grill by 5,209.5% in the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after buying an additional 10,729,706 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after acquiring an additional 10,139,174 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Chipotle Mexican Grill by 4,816.1% in the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after acquiring an additional 8,186,198 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Chipotle Mexican Grill by 76,617.6% during the second quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock worth $369,945,000 after purchasing an additional 5,897,255 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of several recent analyst reports. Stephens reduced their target price on Chipotle Mexican Grill from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Citigroup decreased their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Piper Sandler boosted their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets raised their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $64.47.

Chipotle Mexican Grill Stock Up 0.8 %

CMG stock opened at $59.27 on Tuesday. Chipotle Mexican Grill, Inc. has a 52 week low of $42.28 and a 52 week high of $69.26. The stock has a market capitalization of $80.76 billion, a P/E ratio of 55.17, a P/E/G ratio of 2.37 and a beta of 1.26. The firm has a 50-day simple moving average of $57.46 and a 200-day simple moving average of $81.44.

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

Insider Activity

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 shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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 sold 33,290 shares of company stock worth $1,866,023 over the last three months. 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.