Boyd Watterson Asset Management LLC OH Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Boyd Watterson Asset Management LLC OH increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 342.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,683 shares of the restaurant operator’s stock after purchasing an additional 21,433 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Chipotle Mexican Grill were worth $1,595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CENTRAL TRUST Co increased its position in shares of Chipotle Mexican Grill by 9.4% during the third quarter. CENTRAL TRUST Co now owns 7,549 shares of the restaurant operator’s stock valued at $435,000 after acquiring an additional 649 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at $877,000. X Square Capital LLC raised its holdings in shares of Chipotle Mexican Grill by 9.5% in the 3rd quarter. X Square Capital LLC now owns 49,644 shares of the restaurant operator’s stock valued at $2,861,000 after buying an additional 4,313 shares during the period. First National Bank of Hutchinson grew its holdings in shares of Chipotle Mexican Grill by 44.2% in the third quarter. First National Bank of Hutchinson now owns 13,377 shares of the restaurant operator’s stock valued at $771,000 after purchasing an additional 4,099 shares in the last quarter. Finally, Cherry Creek Investment Advisors Inc. purchased a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $355,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of several recent research reports. Stephens reissued an “equal weight” rating and issued a $61.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Piper Sandler lifted their price target on Chipotle Mexican Grill from $56.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. The Goldman Sachs Group decreased their target price on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, TD Cowen reiterated a “buy” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, September 12th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $63.03.

Insiders Place Their Bets

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 transaction of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade 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 related news, Director Robin S. Hickenlooper sold 1,790 shares of the business’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 sale, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction 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 of the company’s stock, valued at $26,052,740.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,684 shares of company stock worth $2,817,127 over the last 90 days. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $59.22 on Thursday. The firm has a fifty day moving average price of $56.52 and a two-hundred day moving average price of $81.32. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.97 and a fifty-two week high of $69.26. The company has a market cap of $81.33 billion, a PE ratio of 62.78, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. Chipotle Mexican Grill’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $12.65 earnings per share. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

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.