Wilkinson Global Asset Management LLC Boosts Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wilkinson Global Asset Management LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 452,787 shares of the restaurant operator’s stock after buying an additional 46,537 shares during the period. Chipotle Mexican Grill comprises 1.6% of Wilkinson Global Asset Management LLC’s holdings, making the stock its 24th biggest holding. Wilkinson Global Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $26,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Shellback Capital LP grew its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after purchasing an additional 122,500 shares in the last quarter. Swedbank AB bought a new position in shares of Chipotle Mexican Grill during the 1st quarter worth $53,979,000. Optas LLC increased its stake in shares of Chipotle Mexican Grill by 318.5% during the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock valued at $989,000 after buying an additional 13,060 shares during the period. Pathway Financial Advisers LLC raised its holdings in shares of Chipotle Mexican Grill by 5,662.0% in the third quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock valued at $498,000 after acquiring an additional 8,493 shares in the last quarter. Finally, Transform Wealth LLC lifted its stake in Chipotle Mexican Grill by 4,760.7% in the second quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock worth $597,000 after acquiring an additional 9,331 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $57.69 on Thursday. The company has a fifty day moving average of $57.35 and a 200 day moving average of $81.28. The company has a market capitalization of $79.01 billion, a PE ratio of 53.92, a P/E/G ratio of 2.37 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 1 year low of $41.13 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CMG shares. Robert W. Baird raised their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Stephens lowered their target price on Chipotle Mexican Grill from $66.00 to $65.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. KeyCorp dropped their price objective on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Wedbush reaffirmed an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Finally, 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 research note on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.47.

Insider Activity

In related news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,290 shares of company stock worth $1,866,023 over the last three months. 1.02% of the stock is currently owned by corporate insiders.

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.