Smith Anglin Financial LLC Buys 1,490 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Smith Anglin Financial LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 40.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 5,140 shares of the restaurant operator’s stock after acquiring an additional 1,490 shares during the quarter. Smith Anglin Financial LLC’s holdings in Chipotle Mexican Grill were worth $296,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Shellback Capital LP boosted its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after purchasing an additional 122,500 shares during the last quarter. Swedbank AB acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $53,979,000. Transform Wealth LLC boosted its stake in shares of Chipotle Mexican Grill by 4,760.7% during the second quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock worth $597,000 after buying an additional 9,331 shares during the period. First Hawaiian Bank raised its holdings in Chipotle Mexican Grill by 4,731.0% during the second quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock worth $1,074,000 after purchasing an additional 16,795 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in Chipotle Mexican Grill by 4,747.7% in the second quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock valued at $1,279,000 after buying an additional 19,988 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $56.73 on Tuesday. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The company has a market capitalization of $77.91 billion, a price-to-earnings ratio of 60.35, a PEG ratio of 2.43 and a beta of 1.25. The company has a 50-day moving average of $55.08 and a 200-day moving average of $81.41.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. Chipotle Mexican Grill’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $12.65 EPS. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the company’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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction 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 transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,934 shares of company stock worth $1,918,589. 1.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Loop Capital dropped their price objective on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. Argus upped their target price on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Evercore ISI cut their target price on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Finally, Raymond James reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.44.

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.