Richard W. Paul & Associates LLC Purchases 1,592 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Richard W. Paul & Associates LLC lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,156 shares of the restaurant operator’s stock after acquiring an additional 1,592 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Chipotle Mexican Grill were worth $1,104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Strategic Advocates LLC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at $2,185,000. Aaron Wealth Advisors LLC increased its position in Chipotle Mexican Grill by 32.9% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 9,703 shares of the restaurant operator’s stock valued at $559,000 after acquiring an additional 2,403 shares in the last quarter. Stonegate Investment Group LLC raised its stake in shares of Chipotle Mexican Grill by 21.8% in the third quarter. Stonegate Investment Group LLC now owns 11,252 shares of the restaurant operator’s stock worth $648,000 after acquiring an additional 2,012 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of Chipotle Mexican Grill by 124.6% during the third quarter. V Square Quantitative Management LLC now owns 7,137 shares of the restaurant operator’s stock worth $411,000 after purchasing an additional 3,960 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its stake in shares of Chipotle Mexican Grill by 15.0% during the third quarter. Onyx Bridge Wealth Group LLC now owns 4,037 shares of the restaurant operator’s stock valued at $233,000 after purchasing an additional 526 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 0.9 %

Chipotle Mexican Grill stock opened at $59.39 on Friday. The company has a 50 day moving average of $56.13 and a 200-day moving average of $81.12. Chipotle Mexican Grill, Inc. has a twelve month low of $35.97 and a twelve month high of $69.26. The stock has a market capitalization of $81.56 billion, a PE ratio of 63.18, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping 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 analyst estimates of $2.94 billion. During the same period in the prior year, the business earned $12.65 EPS. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,684 shares of company stock worth $2,817,127. 1.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on CMG shares. StockNews.com downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Evercore ISI upped their price target on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday. Stephens reiterated an “equal weight” rating and issued a $61.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Finally, Barclays lowered their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.03.

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.