Western Financial Corp CA Buys 1,209 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Western Financial Corp CA raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,825 shares of the restaurant operator’s stock after buying an additional 1,209 shares during the period. Chipotle Mexican Grill comprises about 1.1% of Western Financial Corp CA’s portfolio, making the stock its 21st biggest position. Western Financial Corp CA’s holdings in Chipotle Mexican Grill were worth $1,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CMG. Shellback Capital LP lifted its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after buying an additional 122,500 shares during the period. Swedbank AB acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $53,979,000. Transform Wealth LLC boosted its position in shares of Chipotle Mexican Grill by 4,760.7% during the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after purchasing an additional 9,331 shares in the last quarter. First Hawaiian Bank boosted its position in shares of Chipotle Mexican Grill by 4,731.0% during the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock valued at $1,074,000 after purchasing an additional 16,795 shares in the last quarter. Finally, Legacy Private Trust Co. acquired a new stake in Chipotle Mexican Grill during the third quarter worth approximately $2,267,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.5 %

Shares of NYSE:CMG traded up $0.32 during midday trading on Monday, reaching $59.71. The company had a trading volume of 3,080,741 shares, compared to its average volume of 14,001,896. Chipotle Mexican Grill, Inc. has a 52-week low of $35.97 and a 52-week high of $69.26. The company’s 50 day moving average price is $56.13 and its 200 day moving average price is $81.45. The stock has a market cap of $82.00 billion, a P/E ratio of 63.31, a P/E/G ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm earned $12.65 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Insider Activity

In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related 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 value of $898,537.50. Following the completion of the transaction, the insider now directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,684 shares of company stock valued at $2,817,127 in the last 90 days. Insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on CMG shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Evercore ISI increased their target price on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Oppenheimer reissued an “outperform” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. BMO Capital Markets decreased their target price on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Finally, Robert W. Baird dropped their price target on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $63.03.

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.