Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 76.1% during the 3rd quarter, Holdings Channel reports. The fund owned 20,250 shares of the restaurant operator’s stock after purchasing an additional 8,753 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Chipotle Mexican Grill were worth $1,167,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Birchcreek Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 14.0% during the third quarter. Birchcreek Wealth Management LLC now owns 6,159 shares of the restaurant operator’s stock worth $355,000 after buying an additional 756 shares in the last quarter. Empirical Finance LLC lifted its stake in Chipotle Mexican Grill by 2.2% in the third quarter. Empirical Finance LLC now owns 47,275 shares of the restaurant operator’s stock worth $2,724,000 after acquiring an additional 1,030 shares during the last quarter. Connable Office Inc. increased its position in shares of Chipotle Mexican Grill by 0.6% in the 3rd quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after purchasing an additional 178 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Chipotle Mexican Grill by 8.0% in the 3rd quarter. CIBC Asset Management Inc now owns 199,610 shares of the restaurant operator’s stock valued at $11,502,000 after purchasing an additional 14,868 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in shares of Chipotle Mexican Grill by 2.5% during the third quarter. OneDigital Investment Advisors LLC now owns 16,864 shares of the restaurant operator’s stock worth $972,000 after purchasing an additional 418 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The trade was a 4.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,290 shares of company stock valued at $1,866,023 in the last ninety days. Company insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CMG. Raymond James decreased their price target on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Barclays increased their price target on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada started coverage on Chipotle Mexican Grill in a report on Friday. They issued an “outperform” rating and a $70.00 target price on the stock. BMO Capital Markets increased 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. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $65.27.

Chipotle Mexican Grill Stock Down 2.2 %

Shares of CMG opened at $58.62 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $43.10 and a 52-week high of $69.26. The firm has a market cap of $79.88 billion, a price-to-earnings ratio of 54.79, a PEG ratio of 2.39 and a beta of 1.26. The business’s 50 day moving average is $58.02 and its two-hundred day moving average is $81.06.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 business 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 business earned $0.23 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal 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.