B. Riley Wealth Advisors Inc. Buys 29,018 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

B. Riley Wealth Advisors Inc. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,250 shares of the restaurant operator’s stock after purchasing an additional 29,018 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $8,921,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Chipotle Mexican Grill by 4,732.3% during the 2nd quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after purchasing an additional 19,759,754 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Chipotle Mexican Grill by 5,209.5% in the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock valued at $685,128,000 after acquiring an additional 10,729,706 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after acquiring an additional 10,139,174 shares during the last quarter. Bank of New York Mellon Corp grew its position in Chipotle Mexican Grill by 4,816.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after acquiring an additional 8,186,198 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Chipotle Mexican Grill by 76,617.6% during the 2nd quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock valued at $369,945,000 after purchasing an additional 5,897,255 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value 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 approximately $26,115,436.20. This represents a 3.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the topic of several research reports. TD Cowen lifted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Loop Capital upped their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Stephens reissued an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. BMO Capital Markets upped 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 research note on Wednesday, October 30th. Finally, Citigroup reduced 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 research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.71.

Chipotle Mexican Grill Stock Performance

CMG opened at $64.62 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $44.08 and a 52-week high of $69.26. The business’s fifty day moving average is $60.20 and its 200-day moving average is $80.93. The firm has a market cap of $88.05 billion, a P/E ratio of 60.39, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the business posted $0.23 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

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.