Creative Planning Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Creative Planning raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 82.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 444,354 shares of the restaurant operator’s stock after purchasing an additional 201,397 shares during the quarter. Creative Planning’s holdings in Chipotle Mexican Grill were worth $25,604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMG. CX Institutional grew its position in shares of Chipotle Mexican Grill by 3.9% during the third quarter. CX Institutional now owns 6,921 shares of the restaurant operator’s stock worth $399,000 after buying an additional 257 shares in the last quarter. Empirical Asset Management LLC grew its holdings in Chipotle Mexican Grill by 144.3% during the 3rd quarter. Empirical Asset Management LLC now owns 30,589 shares of the restaurant operator’s stock worth $1,763,000 after acquiring an additional 18,068 shares in the last quarter. Sapient Capital LLC acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth $1,083,000. ORG Wealth Partners LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth about $138,000. Finally, Martin Capital Advisors LLP raised its stake in shares of Chipotle Mexican Grill by 0.9% in the 3rd quarter. Martin Capital Advisors LLP now owns 37,644 shares of the restaurant operator’s stock valued at $2,169,000 after purchasing an additional 320 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, September 11th. The stock was 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,684 shares of company stock worth $2,817,127 over the last 90 days. 1.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CMG. Stephens reissued an “equal weight” rating and issued a $61.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. The Goldman Sachs Group lowered their price target on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Truist Financial raised their price objective on Chipotle Mexican Grill from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus reiterated a “buy” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, Guggenheim raised their price target on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.03.

Chipotle Mexican Grill Trading Up 0.9 %

Shares of NYSE:CMG opened at $59.39 on Monday. The company has a 50 day moving average of $56.13 and a 200-day moving average of $81.45. The firm has a market cap of $81.56 billion, a P/E ratio of 63.18, a P/E/G ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a twelve month low of $35.97 and a twelve month high of $69.26.

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. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $12.65 earnings per share. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

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.