Advisors Asset Management Inc. Has $2.70 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Advisors Asset Management Inc. increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,854 shares of the restaurant operator’s stock after acquiring an additional 10,638 shares during the quarter. Advisors Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $2,700,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Semmax Financial Advisors Inc. boosted its stake in shares of Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 9 shares during the period. LRI Investments LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $168,000. Pacific Center for Financial Services grew its holdings in shares of Chipotle Mexican Grill by 8.0% during the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after purchasing an additional 4 shares in the last quarter. Western Pacific Wealth Management LP increased its position in shares of Chipotle Mexican Grill by 27.3% in the first quarter. Western Pacific Wealth Management LP now owns 70 shares of the restaurant operator’s stock worth $203,000 after purchasing an additional 15 shares during the period. Finally, Morse Asset Management Inc acquired a new position in Chipotle Mexican Grill in the first quarter valued at about $294,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction 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 3.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock worth $1,866,023 in the last 90 days. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $62.01 on Friday. The firm has a 50 day moving average price of $58.45 and a two-hundred day moving average price of $81.06. Chipotle Mexican Grill, Inc. has a 52-week low of $43.66 and a 52-week high of $69.26. The firm has a market cap of $84.49 billion, a price-to-earnings ratio of 57.95, a PEG ratio of 2.41 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last released 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. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the business earned $0.23 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CMG shares. BMO Capital Markets raised their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Stifel Nicolaus restated a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Wedbush restated an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Citigroup lowered their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Truist Financial upped their price objective on Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.27.

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.