Howard Financial Services LTD. Has $5.42 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Howard Financial Services LTD. raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,000 shares of the restaurant operator’s stock after acquiring an additional 1,250 shares during the quarter. Chipotle Mexican Grill comprises 0.8% of Howard Financial Services LTD.’s holdings, making the stock its 28th largest position. Howard Financial Services LTD.’s holdings in Chipotle Mexican Grill were worth $5,416,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Steph & Co. bought a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $29,000. Semmax Financial Advisors Inc. raised its stake in Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares in the last quarter. Crewe Advisors LLC bought a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $44,000. Westside Investment Management Inc. acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $58,000. Finally, Salem Investment Counselors Inc. increased its holdings in shares of Chipotle Mexican Grill by 27.8% during the first quarter. Salem Investment Counselors Inc. now owns 23 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 5 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CMG shares. Argus boosted their price target on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Stifel Nicolaus reissued a “buy” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Raymond James dropped their price target on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. BMO Capital Markets reduced their price objective on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th. Finally, TD Cowen restated a “buy” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, September 12th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.44.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $57.79 on Wednesday. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The firm has a market cap of $79.37 billion, a PE ratio of 61.69, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25. The firm’s fifty day moving average is $55.31 and its 200-day moving average is $81.40.

Chipotle Mexican Grill (NYSE:CMG) last announced its 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. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $12.65 EPS. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling

In other news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the insider now directly owns 457,764 shares in the company, valued at $26,115,436.20. This 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 valued at $2,817,127 over the last ninety days. 1.02% of the stock is owned by company insiders.

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.