Lewis Asset Management LLC Grows Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lewis Asset Management LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,915 shares of the restaurant operator’s stock after acquiring an additional 718 shares during the period. Lewis Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $226,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. First National Bank of Hutchinson grew its stake in Chipotle Mexican Grill by 1.1% in the 1st quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock valued at $1,099,000 after acquiring an additional 4 shares during the period. Pacific Center for Financial Services grew its position in shares of Chipotle Mexican Grill by 8.0% in the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after purchasing an additional 4 shares during the period. PFG Advisors increased its stake in shares of Chipotle Mexican Grill by 3.8% during the first quarter. PFG Advisors now owns 136 shares of the restaurant operator’s stock worth $396,000 after purchasing an additional 5 shares in the last quarter. Abbrea Capital LLC raised its position in shares of Chipotle Mexican Grill by 4.3% during the 1st quarter. Abbrea Capital LLC now owns 122 shares of the restaurant operator’s stock worth $355,000 after purchasing an additional 5 shares during the last quarter. Finally, Verus Capital Partners LLC lifted its stake in Chipotle Mexican Grill by 1.2% in the 1st quarter. Verus Capital Partners LLC now owns 413 shares of the restaurant operator’s stock valued at $1,200,000 after buying an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.9 %

NYSE:CMG opened at $58.21 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $41.19 and a 52 week high of $69.26. The company has a fifty day simple moving average of $57.35 and a two-hundred day simple moving average of $81.28. The company has a market cap of $79.72 billion, a price-to-earnings ratio of 54.18, a price-to-earnings-growth ratio of 2.27 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were 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 owns 41,510 shares in the company, valued at $2,340,333.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, the insider now owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were 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 owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The trade was a 0.00 % 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 valued at $1,866,023 over the last 90 days. 1.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CMG. Wedbush restated an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Loop Capital upped their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Guggenheim upped their price objective on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.47.

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.