Stonegate Investment Group LLC Grows Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Stonegate Investment Group LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,252 shares of the restaurant operator’s stock after acquiring an additional 2,012 shares during the quarter. Stonegate Investment Group LLC’s holdings in Chipotle Mexican Grill were worth $648,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMG. Shellback Capital LP boosted its stake in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after purchasing an additional 122,500 shares during the period. Swedbank AB bought a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $53,979,000. Transform Wealth LLC boosted its stake in Chipotle Mexican Grill by 4,760.7% in the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock worth $597,000 after purchasing an additional 9,331 shares during the period. First Hawaiian Bank boosted its stake in 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 worth $1,074,000 after purchasing an additional 16,795 shares during the period. Finally, Legacy Private Trust Co. bought a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $2,267,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the 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 owns 358,300 shares of the company’s stock, valued at $19,591,844. This 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 through 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 stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the 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 completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,684 shares of company stock worth $2,817,127. Company insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CMG. Citigroup upped their price target on Chipotle Mexican Grill from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $67.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Robert W. Baird lowered their target price on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Guggenheim increased their target price on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI increased their target price on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday. 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, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $63.03.

Chipotle Mexican Grill Trading Up 0.9 %

NYSE:CMG opened at $59.39 on Friday. The stock has a fifty day simple moving average of $56.13 and a 200-day simple moving average of $81.12. The company has a market cap of $81.56 billion, a price-to-earnings 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 twelve month low of $35.97 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion during 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 firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the company earned $12.65 EPS. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

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.