Brown Capital Management LLC Has $2.40 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Brown Capital Management LLC decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 51.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 41,697 shares of the restaurant operator’s stock after selling 43,331 shares during the quarter. Brown Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $2,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CMG. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Chipotle Mexican Grill in the second quarter worth about $25,000. Riverview Trust Co increased its position in Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. RiverPark Advisors LLC lifted its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the period. Archer Investment Corp acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $25,000. Finally, Oliver Lagore Vanvalin Investment Group grew its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $58.88 on Thursday. The stock has a 50-day simple moving average of $58.26 and a 200 day simple moving average of $81.10. The stock has a market capitalization of $80.23 billion, a P/E ratio of 54.80, a PEG ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 52 week low of $43.66 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 473,514 shares in the company, valued at $26,052,740.28. The trade was a 3.22 % decrease in their position. 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 over the last ninety days. Insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CMG. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Oppenheimer reiterated an “outperform” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. BMO Capital Markets boosted their price objective 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. Stephens reaffirmed an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Finally, Wedbush reissued an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill 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 stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target 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.