HMS Capital Management LLC Trims Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

HMS Capital Management LLC cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,502 shares of the restaurant operator’s stock after selling 217 shares during the quarter. Chipotle Mexican Grill makes up approximately 1.5% of HMS Capital Management LLC’s investment portfolio, making the stock its 13th largest position. HMS Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $3,025,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Semmax Financial Advisors Inc. grew its holdings in shares of Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after buying an additional 9 shares in the last quarter. Crewe Advisors LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $44,000. LRI Investments LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at about $168,000. Pacific Center for Financial Services grew its holdings in shares of Chipotle Mexican Grill by 8.0% in the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after purchasing an additional 4 shares in the last quarter. Finally, Nwam LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth $220,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity

In related news, insider Curtis E. Garner sold 15,750 shares of the firm’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 transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’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 transaction of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares in the company, valued at $26,052,740.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,290 shares of company stock valued at $1,866,023 in the last three months. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $56.19 on Wednesday. The company has a market cap of $76.95 billion, a P/E ratio of 52.30, a P/E/G ratio of 2.37 and a beta of 1.26. The company has a 50-day moving average of $57.31 and a 200-day moving average of $81.44. Chipotle Mexican Grill, Inc. has a 12 month low of $40.73 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping 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 prior year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.1 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Citigroup reduced their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. TD Cowen raised their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Guggenheim upped their target price on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. BMO Capital Markets increased their price target on 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, Barclays boosted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.47.

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.