Aaron Wealth Advisors LLC Buys 2,403 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Aaron Wealth Advisors LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 32.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,703 shares of the restaurant operator’s stock after acquiring an additional 2,403 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $559,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Steph & Co. bought a new position in Chipotle Mexican Grill in the 1st quarter valued at approximately $29,000. Semmax Financial Advisors Inc. raised its holdings 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 valued at $42,000 after buying an additional 9 shares during the last quarter. Crewe Advisors LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at approximately $44,000. Westside Investment Management Inc. bought a new position in Chipotle Mexican Grill in the 1st quarter valued at approximately $58,000. Finally, Salem Investment Counselors Inc. raised its holdings in Chipotle Mexican Grill by 27.8% in the 1st quarter. Salem Investment Counselors Inc. now owns 23 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 5 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the sale, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,684 shares of company stock valued at $2,817,127. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG opened at $59.39 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.97 and a fifty-two week high of $69.26. The firm has a market capitalization of $81.56 billion, a P/E ratio of 63.18, a PEG ratio of 2.41 and a beta of 1.25. The company’s 50-day moving average is $56.13 and its 200 day moving average is $81.12.

Chipotle Mexican Grill (NYSE:CMG) last posted 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 net margin of 13.23% and a return on equity of 44.01%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm earned $12.65 EPS. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. KeyCorp decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. TD Cowen reissued a “buy” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, September 12th. Barclays decreased their target price on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Finally, StockNews.com downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.03.

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.