Icon Wealth Advisors LLC Purchases New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Icon Wealth Advisors LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,715 shares of the restaurant operator’s stock, valued at approximately $1,309,000.

Other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in Chipotle Mexican Grill by 4,732.3% during the 2nd quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after purchasing an additional 19,759,754 shares during the last quarter. Legal & General Group Plc increased its position in Chipotle Mexican Grill by 5,209.5% during the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after buying an additional 10,729,706 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Chipotle Mexican Grill by 5,930.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after buying an additional 10,139,174 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Chipotle Mexican Grill by 4,816.1% during the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after buying an additional 8,186,198 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Chipotle Mexican Grill by 76,617.6% in the second quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock valued at $369,945,000 after acquiring an additional 5,897,255 shares during the period. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 3.4 %

Shares of CMG opened at $62.02 on Friday. The stock has a market cap of $84.51 billion, a PE ratio of 57.73, a PEG ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 12-month low of $43.66 and a 12-month high of $69.26. The business has a 50-day simple moving average of $58.45 and a two-hundred day simple moving average of $80.94.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’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 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 Chipotle Mexican Grill stock in a transaction that occurred on Monday, October 7th. The stock was 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 in the company, valued at approximately $26,115,436.20. This represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,290 shares of company stock valued at $1,866,023. Insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CMG shares. Wells Fargo & Company raised their price target on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Barclays raised their target price on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. 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 report on Wednesday, October 30th. Finally, Citigroup cut their target price on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.