WealthPlan Investment Management LLC Buys Shares of 20,717 Chipotle Mexican Grill, Inc. (NYSE:CMG)

WealthPlan Investment Management LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 20,717 shares of the restaurant operator’s stock, valued at approximately $1,194,000.

A number of other hedge funds have also made changes to their positions in CMG. Harbour Investments Inc. increased its position in Chipotle Mexican Grill by 25.7% during the third quarter. Harbour Investments Inc. now owns 4,217 shares of the restaurant operator’s stock worth $243,000 after acquiring an additional 863 shares during the period. Entropy Technologies LP acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $842,000. Laffer Tengler Investments Inc. increased its position in shares of Chipotle Mexican Grill by 2.7% during the third quarter. Laffer Tengler Investments Inc. now owns 78,427 shares of the restaurant operator’s stock valued at $4,519,000 after purchasing an additional 2,054 shares during the period. Jupiter Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 34.0% in the third quarter. Jupiter Wealth Management LLC now owns 23,579 shares of the restaurant operator’s stock valued at $1,359,000 after purchasing an additional 5,979 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Chipotle Mexican Grill by 85.9% in the third quarter. Venturi Wealth Management LLC now owns 1,487 shares of the restaurant operator’s stock worth $86,000 after purchasing an additional 687 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG opened at $59.27 on Tuesday. The business’s 50-day simple moving average is $57.46 and its 200 day simple moving average is $81.44. Chipotle Mexican Grill, Inc. has a 52-week low of $42.28 and a 52-week high of $69.26. The firm has a market capitalization of $80.76 billion, a PE ratio of 55.17, a PEG ratio of 2.37 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s 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 sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,290 shares of company stock worth $1,866,023. Insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMG. Raymond James reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Stifel Nicolaus restated a “buy” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Citigroup lowered their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Robert W. Baird raised their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price objective on Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $64.47.

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.