Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Boosted by Independent Advisor Alliance

Independent Advisor Alliance lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 84,689 shares of the restaurant operator’s stock after buying an additional 180 shares during the quarter. Independent Advisor Alliance’s holdings in Chipotle Mexican Grill were worth $4,880,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Shellback Capital LP raised its stake in Chipotle Mexican Grill by 4,900.0% during the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after acquiring an additional 122,500 shares during the period. Swedbank AB acquired a new stake in Chipotle Mexican Grill during the first quarter worth about $53,979,000. Optas LLC raised its stake in Chipotle Mexican Grill by 318.5% during the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after acquiring an additional 13,060 shares during the period. L & S Advisors Inc acquired a new stake in Chipotle Mexican Grill during the third quarter worth about $3,256,000. Finally, Savvy Advisors Inc. acquired a new stake in Chipotle Mexican Grill during the third quarter worth about $758,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Evercore ISI raised their price target on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Wells Fargo & Company raised their target price on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Royal Bank of Canada initiated coverage on shares of Chipotle Mexican Grill in a report on Friday, November 15th. They set an “outperform” rating and a $70.00 target price for the company. Finally, Citigroup reduced their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $65.27.

Insiders Place Their Bets

In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, September 12th. The shares were 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 in the company, valued at approximately $2,340,333.80. The trade was a 4.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,290 shares of company stock worth $1,866,023 in the last ninety days. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $62.01 on Monday. The company has a market capitalization of $84.49 billion, a PE ratio of 57.72, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a one year low of $43.66 and a one year high of $69.26. The company’s fifty day moving average price is $58.45 and its 200 day moving average price is $81.18.

Chipotle Mexican Grill (NYSE:CMG) last announced 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. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share 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.