Freedom Investment Management Inc. Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Freedom Investment Management Inc. raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,727 shares of the restaurant operator’s stock after purchasing an additional 431 shares during the period. Freedom Investment Management Inc.’s holdings in Chipotle Mexican Grill were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CMG. Shellback Capital LP increased 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 last quarter. L & S Advisors Inc acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $3,256,000. Optas LLC grew its position in shares of Chipotle Mexican Grill by 318.5% in the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock valued at $989,000 after buying an additional 13,060 shares during the last quarter. Savvy Advisors Inc. acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth $758,000. Finally, Pathway Financial Advisers LLC boosted its stake in Chipotle Mexican Grill by 5,662.0% in the third quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock valued at $498,000 after acquiring an additional 8,493 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CMG shares. Stephens reissued an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Wells Fargo & Company increased their price objective on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a 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 report on Wednesday, October 30th. Oppenheimer reiterated an “outperform” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, September 30th. Finally, Barclays lifted their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

Chipotle Mexican Grill Trading Down 0.9 %

CMG stock opened at $61.52 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $43.66 and a 52 week high of $69.26. The company has a market cap of $83.83 billion, a P/E ratio of 57.50, a P/E/G ratio of 2.48 and a beta of 1.26. The company’s 50-day moving average price is $58.89 and its 200 day moving average price is $81.11.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. The company’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 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated 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 approximately $2,340,333.80. The trade was a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Curtis E. Garner sold 15,750 shares of the 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 completion of the sale, the insider now owns 457,764 shares in the company, valued at $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 have sold 33,290 shares of company stock valued at $1,866,023. Insiders own 1.02% of the company’s stock.

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.