Rakuten Securities Inc. Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Rakuten Securities Inc. lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.5% in the 3rd quarter, Holdings Channel reports. The firm owned 3,064 shares of the restaurant operator’s stock after acquiring an additional 240 shares during the period. Rakuten Securities Inc.’s holdings in Chipotle Mexican Grill were worth $177,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CMG. First National Bank of Hutchinson boosted its stake in Chipotle Mexican Grill by 1.1% in the first quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock worth $1,099,000 after buying an additional 4 shares in the last quarter. Pacific Center for Financial Services boosted its stake in Chipotle Mexican Grill by 8.0% in the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after buying an additional 4 shares in the last quarter. SVB Wealth LLC boosted its stake in Chipotle Mexican Grill by 3.7% in the first quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock worth $407,000 after buying an additional 5 shares in the last quarter. Nicolet Advisory Services LLC boosted its stake in Chipotle Mexican Grill by 1.9% in the first quarter. Nicolet Advisory Services LLC now owns 318 shares of the restaurant operator’s stock worth $931,000 after buying an additional 6 shares in the last quarter. Finally, Freestone Capital Holdings LLC boosted its stake in Chipotle Mexican Grill by 5.4% in the first quarter. Freestone Capital Holdings LLC now owns 136 shares of the restaurant operator’s stock worth $396,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMG. Loop Capital upped their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. BMO Capital Markets boosted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Robert W. Baird boosted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Raymond James lowered their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.47.

Insider Transactions at Chipotle Mexican Grill

In other 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $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 the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the 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 in the company, valued at $26,115,436.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,290 shares of company stock valued at $1,866,023. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.8 %

CMG opened at $59.27 on Tuesday. The stock has a fifty day simple moving average of $57.52 and a two-hundred day simple moving average of $81.42. The company has a market cap of $80.76 billion, a price-to-earnings ratio of 55.17, a price-to-earnings-growth ratio of 2.37 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 12-month low of $42.28 and a 12-month high of $69.26.

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