Foundations Investment Advisors LLC Has $408,000 Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Foundations Investment Advisors LLC lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,087 shares of the restaurant operator’s stock after selling 494 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $408,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Shellback Capital LP boosted its position 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 valued at $7,831,000 after purchasing an additional 122,500 shares in the last quarter. Swedbank AB bought a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $53,979,000. Transform Wealth LLC grew its position in shares of Chipotle Mexican Grill by 4,760.7% during the 2nd 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 increased its stake in shares of Chipotle Mexican Grill by 4,731.0% in the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock valued at $1,074,000 after acquiring an additional 16,795 shares in the last quarter. Finally, Legacy Private Trust Co. acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $2,267,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $59.44 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $35.97 and a 12 month high of $69.26. The firm’s 50 day moving average is $56.63 and its 200 day moving average is $81.17. The stock has a market capitalization of $81.63 billion, a PE ratio of 63.23, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

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, beating analysts’ consensus estimates 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 analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the firm earned $12.65 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Wall Street Analyst Weigh In

CMG has been the subject of a number of research reports. Citigroup raised their price target on shares of Chipotle Mexican Grill from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Raymond James dropped their price target on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Barclays reduced their price objective on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Loop Capital lowered their target price on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Thursday, July 25th. Finally, Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $63.03.

Insider Activity at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This trade 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. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction that occurred on 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 transaction, the insider now owns 457,764 shares of the company’s stock, 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. In the last three months, insiders have sold 50,684 shares of company stock worth $2,817,127. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill 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.