Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Grandfield & Dodd LLC

Grandfield & Dodd LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,585 shares of the restaurant operator’s stock after purchasing an additional 485 shares during the period. Grandfield & Dodd LLC’s holdings in Chipotle Mexican Grill were worth $264,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CMG. Semmax Financial Advisors Inc. raised its holdings in Chipotle Mexican Grill by 225.0% in the first 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 period. Crewe Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $44,000. LRI Investments LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at $168,000. Pacific Center for Financial Services boosted its position in Chipotle Mexican Grill by 8.0% during the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after purchasing an additional 4 shares during the period. Finally, Western Pacific Wealth Management LP increased its holdings in Chipotle Mexican Grill by 27.3% in the 1st quarter. Western Pacific Wealth Management LP now owns 70 shares of the restaurant operator’s stock valued at $203,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,290 shares of company stock valued at $1,866,023. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $58.75 on Wednesday. The stock has a market cap of $80.05 billion, a price-to-earnings ratio of 54.91, a PEG ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 1 year low of $43.20 and a 1 year high of $69.26. The business has a fifty day moving average of $58.20 and a 200-day moving average of $81.25.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Chipotle Mexican Grill’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CMG shares. BMO Capital Markets lifted their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Truist Financial upped their price objective on Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. TD Cowen boosted their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stifel Nicolaus restated a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, Oppenheimer reiterated an “outperform” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, September 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.27.

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.