Gratus Wealth Advisors LLC Has $1.68 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Gratus Wealth Advisors LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 57.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,524 shares of the restaurant operator’s stock after acquiring an additional 10,744 shares during the period. Gratus Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Brookstone Capital Management raised its position in Chipotle Mexican Grill by 71.6% during the third quarter. Brookstone Capital Management now owns 46,639 shares of the restaurant operator’s stock valued at $2,687,000 after acquiring an additional 19,464 shares in the last quarter. City Holding Co. increased its stake in shares of Chipotle Mexican Grill by 12.7% during the 3rd quarter. City Holding Co. now owns 84,134 shares of the restaurant operator’s stock worth $4,847,000 after purchasing an additional 9,484 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 16.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 26,473 shares of the restaurant operator’s stock valued at $1,525,000 after purchasing an additional 3,648 shares in the last quarter. Traveka Wealth LLC lifted its stake in shares of Chipotle Mexican Grill by 5.1% in the 3rd quarter. Traveka Wealth LLC now owns 6,621 shares of the restaurant operator’s stock valued at $381,000 after purchasing an additional 323 shares during the last quarter. Finally, Legacy Private Trust Co. bought a new stake in Chipotle Mexican Grill in the third quarter worth $2,267,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on 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 transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,684 shares of company stock worth $2,817,127 over the last three months. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $57.99 on Wednesday. The firm has a market cap of $79.63 billion, a P/E ratio of 61.69, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25. The firm’s 50-day simple moving average is $55.20 and its 200-day simple moving average is $81.40. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business earned $12.65 earnings per share. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Robert W. Baird cut their target price on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. BMO Capital Markets reduced their target price on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Raymond James lowered their price target 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $67.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, Stephens reiterated an “equal weight” rating and issued a $61.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average 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.