Commonwealth Equity Services LLC Raises Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

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Commonwealth Equity Services LLC boosted 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. The institutional investor owned 3,202 shares of the restaurant operator’s stock after buying an additional 290 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Chipotle Mexican Grill were worth $2,691,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Commonwealth Bank of Australia lifted its stake in Chipotle Mexican Grill by 77.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 39 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 17 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter valued at about $36,000. Horan Capital Advisors LLC. purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $42,000. Griffin Asset Management Inc. purchased a new position in Chipotle Mexican Grill in the 2nd quarter valued at about $41,000. Finally, Quest Capital Management Inc. ADV purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $56,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CMG opened at $731.62 on Friday. The company has a 50 day simple moving average of $807.05 and a 200-day simple moving average of $764.86. The company has a market capitalization of $20.59 billion, a P/E ratio of 80.75, a P/E/G ratio of 2.75 and a beta of 0.70. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.51 and a quick ratio of 1.47. Chipotle Mexican Grill, Inc. has a 1 year low of $383.20 and a 1 year high of $857.90.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $3.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.13 by $0.69. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. Chipotle Mexican Grill had a net margin of 5.77% and a return on equity of 23.97%. The business’s revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.16 EPS. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 13.73 EPS for the current year.

CMG has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of Chipotle Mexican Grill from $705.00 to $845.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Goldman Sachs Group set a $1,000.00 price target on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Friday, August 30th. UBS Group raised their price target on shares of Chipotle Mexican Grill from $650.00 to $690.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus raised shares of Chipotle Mexican Grill to a “hold” rating and set a $755.00 price target on the stock in a research note on Wednesday, July 24th. Finally, KeyCorp raised their price target on shares of Chipotle Mexican Grill from $870.00 to $900.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Chipotle Mexican Grill has an average rating of “Hold” and an average target price of $779.03.

In other news, CEO Brian R. Niccol sold 1,938 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $824.90, for a total transaction of $1,598,656.20. Following the completion of the sale, the chief executive officer now owns 28,542 shares in the company, valued at approximately $23,544,295.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pershing Square Capital Manage sold 29,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $815.60, for a total transaction of $23,815,520.00. The disclosure for this sale can be found here. Insiders have sold a total of 47,526 shares of company stock valued at $39,109,343 in the last 90 days. Insiders own 2.21% of the company’s stock.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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