Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,280 shares of the restaurant operator’s stock after purchasing an additional 530 shares during the quarter. SignalPoint Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $245,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $25,000. Riverview Trust Co grew its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. RiverPark Advisors LLC grew its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. Archer Investment Corp acquired a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $25,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its holdings in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on CMG shares. Stephens reaffirmed an “equal weight” rating and set a $61.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Loop Capital reduced their target price on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday, July 25th. The Goldman Sachs Group reduced their target price on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. TD Cowen reaffirmed a “buy” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, September 12th. Finally, Barclays reduced their target price on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.44.

Insiders Place Their Bets

In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following 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 sale was disclosed in a legal filing 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 transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the sale, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,934 shares of company stock valued at $1,918,589 over the last quarter. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $56.73 on Tuesday. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The business’s 50-day moving average price is $55.08 and its two-hundred day moving average price is $81.41. The company has a market capitalization of $77.91 billion, a P/E ratio of 60.35, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm 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 firm’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $12.65 earnings per share. On average, equities analysts anticipate 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.