Oak Ridge Investments LLC Cuts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Oak Ridge Investments LLC lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,807 shares of the restaurant operator’s stock after selling 393 shares during the period. Oak Ridge Investments LLC’s holdings in Chipotle Mexican Grill were worth $1,717,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMG. Norden Group LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at $2,163,000. First Trust Direct Indexing L.P. boosted its stake in Chipotle Mexican Grill by 14.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 458 shares of the restaurant operator’s stock valued at $1,331,000 after purchasing an additional 59 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at $640,000. Prosperity Consulting Group LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at $203,000. Finally, Blue Trust Inc. boosted its stake in Chipotle Mexican Grill by 72.1% during the 1st quarter. Blue Trust Inc. now owns 284 shares of the restaurant operator’s stock valued at $826,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the topic of several recent analyst reports. Robert W. Baird increased their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday. Wedbush reissued an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Barclays raised 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. Finally, Citigroup reduced their price target on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.47.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated 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 in the company, valued at $26,115,436.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated 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 in the company, valued at $26,115,436.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,684 shares of company stock worth $2,817,127 in the last three months. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.1 %

Shares of CMG stock opened at $55.77 on Friday. The stock has a market cap of $76.38 billion, a P/E ratio of 51.91, a PEG ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 52 week low of $38.01 and a 52 week high of $69.26. The company’s fifty day simple moving average is $57.18 and its two-hundred day simple moving average is $81.14.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm posted $0.23 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.1 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.