Brooklyn Investment Group Has $441,000 Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Brooklyn Investment Group raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,873.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,659 shares of the restaurant operator’s stock after purchasing an additional 7,505 shares during the period. Brooklyn Investment Group’s holdings in Chipotle Mexican Grill were worth $441,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. SVB Wealth LLC lifted its position in shares of Chipotle Mexican Grill by 3.7% during the 1st quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock worth $407,000 after buying an additional 5 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Chipotle Mexican Grill by 2.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 633 shares of the restaurant operator’s stock worth $1,840,000 after buying an additional 13 shares in the last quarter. Redwood Investment Management LLC bought a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $762,000. Tidal Investments LLC lifted its position in shares of Chipotle Mexican Grill by 32.4% during the 1st quarter. Tidal Investments LLC now owns 1,634 shares of the restaurant operator’s stock worth $4,763,000 after buying an additional 400 shares in the last quarter. Finally, Semmax Financial Advisors Inc. lifted its position in shares of Chipotle Mexican Grill by 225.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after buying an additional 9 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wedbush reissued an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $67.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Citigroup lowered their price target on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Stephens reaffirmed an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Finally, Royal Bank of Canada started coverage on shares of Chipotle Mexican Grill in a report on Friday, November 15th. They issued an “outperform” rating and a $70.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.27.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $62.70 on Wednesday. Chipotle Mexican Grill, Inc. has a 52-week low of $43.66 and a 52-week high of $69.26. The firm has a fifty day moving average of $58.62 and a 200 day moving average of $81.14. The firm has a market capitalization of $85.43 billion, a PE ratio of 58.36, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

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

Insiders Place Their Bets

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s 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 completion of the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction 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 $26,115,436.20. This represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,290 shares of company stock valued at $1,866,023 over the last three months. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill 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.