First Heartland Consultants Inc. Increases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Heartland Consultants Inc. increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,307 shares of the restaurant operator’s stock after acquiring an additional 218 shares during the quarter. First Heartland Consultants Inc.’s holdings in Chipotle Mexican Grill were worth $1,055,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Aigen Investment Management LP lifted its position in Chipotle Mexican Grill by 86.0% during the third quarter. Aigen Investment Management LP now owns 88,331 shares of the restaurant operator’s stock worth $5,090,000 after buying an additional 40,850 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its position in Chipotle Mexican Grill by 30.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 81,067 shares of the restaurant operator’s stock worth $4,671,000 after buying an additional 18,837 shares in the last quarter. Savvy Advisors Inc. purchased a new position in Chipotle Mexican Grill during the third quarter worth approximately $758,000. Rakuten Securities Inc. lifted its position in Chipotle Mexican Grill by 8.5% during the third quarter. Rakuten Securities Inc. now owns 3,064 shares of the restaurant operator’s stock worth $177,000 after buying an additional 240 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Chipotle Mexican Grill by 1.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,192,019 shares of the restaurant operator’s stock valued at $183,924,000 after purchasing an additional 59,687 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CMG shares. Barclays lifted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Stephens restated an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday. Piper Sandler lifted their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group cut their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, Raymond James cut their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.47.

Chipotle Mexican Grill Stock Up 2.0 %

CMG traded up $1.20 on Tuesday, hitting $60.47. 4,851,176 shares of the company traded hands, compared to its average volume of 13,884,207. The company has a 50 day moving average of $57.52 and a 200-day moving average of $81.42. The stock has a market capitalization of $82.40 billion, a PE ratio of 55.17, a PEG 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 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm 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 revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was 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 directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock valued at $1,866,023 in the last ninety days. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Company 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.