Landscape Capital Management L.L.C. Has $1.84 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Landscape Capital Management L.L.C. reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 49.9% during the third quarter, HoldingsChannel reports. The firm owned 31,973 shares of the restaurant operator’s stock after selling 31,848 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Chipotle Mexican Grill were worth $1,842,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth $25,000. Riverview Trust Co raised its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the last quarter. RiverPark Advisors LLC grew its holdings 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 worth $25,000 after acquiring an additional 392 shares during the last quarter. Archer Investment Corp bought a new position in shares of Chipotle Mexican Grill during the second quarter valued at $25,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $60.01 on Friday. The company has a market capitalization of $81.77 billion, a P/E ratio of 55.85, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.66 and a fifty-two week high of $69.26. The company’s 50-day moving average is $58.33 and its 200 day moving average is $80.95.

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, 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 business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.23 earnings per share. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Activity 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 dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the sale, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CMG. Wells Fargo & Company lifted their target price on Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Oppenheimer reiterated an “outperform” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Stifel Nicolaus restated a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Finally, Evercore ISI lifted their price objective on Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

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.