3Chopt Investment Partners LLC Acquires 18,769 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

3Chopt Investment Partners LLC grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 192.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,501 shares of the restaurant operator’s stock after buying an additional 18,769 shares during the period. 3Chopt Investment Partners LLC’s holdings in Chipotle Mexican Grill were worth $1,642,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CMG. Alpha DNA Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 1.2% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after buying an additional 168 shares during the last quarter. Lecap Asset Management Ltd. grew its position in Chipotle Mexican Grill by 1.2% in the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock worth $843,000 after acquiring an additional 175 shares in the last quarter. Connable Office Inc. increased its stake in Chipotle Mexican Grill by 0.6% in the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after acquiring an additional 178 shares during the last quarter. Albion Financial Group UT raised its position in Chipotle Mexican Grill by 14.4% during the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock valued at $82,000 after purchasing an additional 180 shares in the last quarter. Finally, CVA Family Office LLC lifted its stake in Chipotle Mexican Grill by 8.7% during the third quarter. CVA Family Office LLC now owns 2,313 shares of the restaurant operator’s stock worth $133,000 after purchasing an additional 185 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $64.58 on Tuesday. The firm has a market capitalization of $88.00 billion, a P/E ratio of 60.36, a P/E/G ratio of 2.63 and a beta of 1.27. The stock has a 50 day moving average price of $59.55 and a 200-day moving average price of $81.11. Chipotle Mexican Grill, Inc. has a 52-week low of $44.08 and a 52-week high of $69.26.

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

Analyst Ratings Changes

CMG has been the topic of a number of research reports. Piper Sandler raised their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Evercore ISI lifted their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Robert W. Baird upped their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada initiated coverage on shares of Chipotle Mexican Grill in a research report on Friday, November 15th. They issued an “outperform” rating and a $70.00 target price on the stock. Finally, Oppenheimer restated an “outperform” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $65.42.

Insider Activity at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s 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 completion of the transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock valued at $1,866,023 in the last three months. Company insiders own 1.02% of the company’s stock.

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.