Caprock Group LLC Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Caprock Group LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,899 shares of the restaurant operator’s stock after acquiring an additional 4,205 shares during the period. Caprock Group LLC’s holdings in Chipotle Mexican Grill were worth $2,069,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Savoir Faire Capital Management L.P. grew its position in shares of Chipotle Mexican Grill by 144.5% in the third quarter. Savoir Faire Capital Management L.P. now owns 205,352 shares of the restaurant operator’s stock valued at $11,832,000 after purchasing an additional 121,352 shares in the last quarter. Meeder Advisory Services Inc. boosted its stake in Chipotle Mexican Grill by 5.0% during the third quarter. Meeder Advisory Services Inc. now owns 19,981 shares of the restaurant operator’s stock worth $1,151,000 after buying an additional 959 shares during the last quarter. Semus Wealth Partners LLC acquired a new position in Chipotle Mexican Grill during the third quarter worth $530,000. Cassaday & Co Wealth Management LLC grew its holdings in Chipotle Mexican Grill by 4.7% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 15,141 shares of the restaurant operator’s stock valued at $872,000 after buying an additional 686 shares in the last quarter. Finally, GLOBALT Investments LLC GA increased its stake in shares of Chipotle Mexican Grill by 127.3% in the 3rd quarter. GLOBALT Investments LLC GA now owns 54,928 shares of the restaurant operator’s stock worth $3,165,000 after acquiring an additional 30,761 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.1 %

Shares of NYSE:CMG opened at $58.75 on Wednesday. Chipotle Mexican Grill, Inc. has a 52 week low of $43.20 and a 52 week high of $69.26. The company’s 50 day moving average is $58.20 and its two-hundred day moving average is $81.25. The company has a market cap of $80.05 billion, a PE ratio of 54.91, a P/E/G ratio of 2.36 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results 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 firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the sale, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of analyst reports. The Goldman Sachs Group dropped their price objective on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Piper Sandler increased their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. 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. Stephens reiterated an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.27.

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.