Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Keyes Stange & Wooten Wealth Management LLC

Keyes Stange & Wooten Wealth Management LLC lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 86.4% during the third quarter, Holdings Channel reports. The fund owned 6,432 shares of the restaurant operator’s stock after buying an additional 2,982 shares during the quarter. Keyes Stange & Wooten Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CMG. Montrusco Bolton Investments Inc. purchased a new stake in Chipotle Mexican Grill in the 3rd quarter worth approximately $4,187,000. Stonebrook Private Inc. acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $624,000. Meridian Wealth Management LLC purchased a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $859,000. Icon Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth approximately $1,309,000. Finally, Raymond James Trust N.A. grew its holdings in shares of Chipotle Mexican Grill by 17.4% during the third quarter. Raymond James Trust N.A. now owns 59,000 shares of the restaurant operator’s stock worth $3,400,000 after buying an additional 8,749 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s 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 completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 3.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock worth $1,866,023 over the last ninety days. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of analyst reports. Robert W. Baird upped their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada initiated coverage on Chipotle Mexican Grill in a research note on Friday, November 15th. They set an “outperform” rating and a $70.00 target price for the company. Piper Sandler lifted their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Barclays increased their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets boosted 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 report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.27.

Chipotle Mexican Grill Stock Up 3.4 %

Shares of NYSE:CMG opened at $62.02 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.66 and a fifty-two week high of $69.26. The firm’s 50 day moving average price is $58.45 and its 200 day moving average price is $80.94. The stock has a market cap of $84.51 billion, a price-to-earnings ratio of 57.73, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

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

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.