Sanctuary Advisors LLC Acquires Shares of 2,972 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sanctuary Advisors LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,972 shares of the restaurant operator’s stock, valued at approximately $186,000.

Other institutional investors have also recently made changes to their positions in the company. NCP Inc. bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth $135,000. Brown Financial Advisors bought a new stake in Chipotle Mexican Grill in the 2nd quarter worth about $804,000. Gordian Capital Singapore Pte Ltd raised its position in Chipotle Mexican Grill by 2,880.3% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 17,822 shares of the restaurant operator’s stock worth $1,117,000 after buying an additional 17,224 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $497,000. Finally, Souders Financial Advisors boosted its holdings in shares of Chipotle Mexican Grill by 5,021.6% during the 2nd quarter. Souders Financial Advisors now owns 23,918 shares of the restaurant operator’s stock valued at $1,498,000 after acquiring an additional 23,451 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $59.39 on Monday. The company has a market cap of $81.56 billion, a PE ratio of 63.18, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 1 year low of $35.97 and a 1 year high of $69.26. The stock’s 50 day simple moving average is $56.13 and its two-hundred day simple moving average is $81.45.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. During the same quarter in the prior year, the firm posted $12.65 EPS. Chipotle Mexican Grill’s quarterly revenue was up 18.2% compared to the same quarter last year. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’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 sale, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $19,591,844. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,684 shares of company stock worth $2,817,127. 1.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CMG. Guggenheim boosted their price objective on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Wedbush reissued an “outperform” rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. KeyCorp cut their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Finally, TD Cowen reiterated a “buy” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, September 12th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $63.03.

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.