Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,253 shares of the restaurant operator’s stock after buying an additional 1,338 shares during the period. Townsquare Capital LLC’s holdings in Chipotle Mexican Grill were worth $1,513,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Transamerica Financial Advisors Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth about $4,177,000. Brooklyn Investment Group increased its stake in shares of Chipotle Mexican Grill by 4,873.4% in the third quarter. Brooklyn Investment Group now owns 7,659 shares of the restaurant operator’s stock valued at $441,000 after purchasing an additional 7,505 shares during the period. Quantbot Technologies LP raised its holdings in shares of Chipotle Mexican Grill by 2,699.5% during the third quarter. Quantbot Technologies LP now owns 243,444 shares of the restaurant operator’s stock valued at $14,027,000 after buying an additional 234,748 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Chipotle Mexican Grill by 2.5% during the third quarter. D.A. Davidson & CO. now owns 94,635 shares of the restaurant operator’s stock worth $5,453,000 after buying an additional 2,267 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Chipotle Mexican Grill by 10.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,451,977 shares of the restaurant operator’s stock worth $83,663,000 after buying an additional 140,975 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Insider Activity at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $26,052,740.28. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $61.52 on Monday. The business’s 50-day moving average is $58.89 and its 200-day moving average is $81.11. The company has a market capitalization of $83.83 billion, a price-to-earnings ratio of 57.50, a P/E/G ratio of 2.48 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.66 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results 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 net margin of 13.51% and a return on equity of 43.20%. 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 earned $0.23 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CMG. Robert W. Baird boosted their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Stephens reissued an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Wells Fargo & Company upped 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 note on Wednesday, October 30th. Finally, Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.27.

Chipotle Mexican Grill Company 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.