3,970 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by SPC Financial Inc.

SPC Financial Inc. acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,970 shares of the restaurant operator’s stock, valued at approximately $229,000.

Several other large investors have also recently added to or reduced their stakes in the company. Steph & Co. bought a new position in Chipotle Mexican Grill during the first quarter worth about $29,000. Semmax Financial Advisors Inc. increased its holdings in shares of Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $44,000. Westside Investment Management Inc. bought a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $58,000. Finally, Salem Investment Counselors Inc. grew its position in Chipotle Mexican Grill by 27.8% during the first quarter. Salem Investment Counselors Inc. now owns 23 shares of the restaurant operator’s stock worth $67,000 after buying an additional 5 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BMO Capital Markets dropped their price objective on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Wedbush reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Truist Financial raised their target price on shares of Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday. Stephens reaffirmed an “equal weight” rating and set a $61.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Finally, The Goldman Sachs Group decreased their price objective on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.03.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the sale, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,684 shares of company stock worth $2,817,127. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Stock Down 0.4 %

Shares of Chipotle Mexican Grill stock opened at $58.86 on Friday. The stock has a market cap of $80.84 billion, a price-to-earnings ratio of 62.62, a P/E/G ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a twelve month low of $35.97 and a twelve month high of $69.26. The company’s fifty day moving average is $56.05 and its 200 day moving average is $81.11.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the firm posted $12.65 earnings per share. The business’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 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.