CreativeOne Wealth LLC Grows Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

CreativeOne Wealth LLC increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 155.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,800 shares of the restaurant operator’s stock after buying an additional 15,710 shares during the quarter. CreativeOne Wealth LLC’s holdings in Chipotle Mexican Grill were worth $1,487,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CMG. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth $25,000. Riverview Trust Co raised its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. RiverPark Advisors LLC lifted its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. Archer Investment Corp bought a new stake in Chipotle Mexican Grill during the second quarter valued at about $25,000. Finally, Oliver Lagore Vanvalin Investment Group increased its position in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CMG shares. Wedbush reiterated an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. TD Cowen upped their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays increased their price objective on shares of 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. Stephens restated an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Finally, BMO Capital Markets increased their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.27.

Insider Activity

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s 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 trade represents a 4.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $898,537.50. Following the transaction, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. The trade was a 3.33 % 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 valued at $1,866,023. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Stock Down 1.1 %

Chipotle Mexican Grill stock opened at $62.05 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $43.66 and a twelve month high of $69.26. The company’s 50-day moving average price is $58.81 and its 200-day moving average price is $80.88. The company has a market cap of $84.55 billion, a PE ratio of 57.99, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion for 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 firm posted $0.23 earnings per share. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

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.