GLOBALT Investments LLC GA Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

GLOBALT Investments LLC GA increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 127.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,928 shares of the restaurant operator’s stock after acquiring an additional 30,761 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Chipotle Mexican Grill were worth $3,165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aljian Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the third quarter worth about $695,000. Prudent Man Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 12.7% during the 3rd quarter. Prudent Man Advisors LLC now owns 15,237 shares of the restaurant operator’s stock worth $878,000 after purchasing an additional 1,723 shares during the last quarter. Marathon Trading Investment Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $432,000. Thrivent Financial for Lutherans lifted its stake in Chipotle Mexican Grill by 674.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock valued at $122,314,000 after purchasing an additional 1,848,625 shares during the last quarter. Finally, Claro Advisors LLC increased its position in Chipotle Mexican Grill by 64.4% in the third quarter. Claro Advisors LLC now owns 6,749 shares of the restaurant operator’s stock worth $389,000 after buying an additional 2,644 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $58.63 on Monday. The company has a market cap of $79.89 billion, a price-to-earnings ratio of 54.57, a PEG ratio of 2.36 and a beta of 1.26. The stock’s 50 day simple moving average is $58.02 and its two-hundred day simple moving average is $81.31. Chipotle Mexican Grill, Inc. has a 1 year low of $43.10 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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 business 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%. 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 business posted $0.23 earnings per share. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated 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 directly owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders have sold 33,290 shares of company stock valued at $1,866,023 in the last quarter. 1.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CMG. Loop Capital increased their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their target price on 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. Piper Sandler raised their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Finally, Evercore ISI raised their price objective on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $65.27.

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.