F M Investments LLC Cuts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

F M Investments LLC lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,970 shares of the restaurant operator’s stock after selling 4,260 shares during the period. F M Investments LLC’s holdings in Chipotle Mexican Grill were worth $6,567,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Shellback Capital LP lifted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd 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. Swedbank AB purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at $53,979,000. Pathway Financial Advisers LLC lifted its position in shares of Chipotle Mexican Grill by 5,662.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock valued at $498,000 after buying an additional 8,493 shares during the last quarter. Transform Wealth LLC lifted its position in shares of Chipotle Mexican Grill by 4,760.7% during the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after buying an additional 9,331 shares during the last quarter. Finally, First Hawaiian Bank lifted its position in shares of Chipotle Mexican Grill by 4,731.0% during the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock valued at $1,074,000 after buying an additional 16,795 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,684 shares of company stock worth $2,817,127. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $58.59 on Friday. The stock has a market capitalization of $80.24 billion, a PE ratio of 54.76, a P/E/G ratio of 2.41 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 1-year low of $39.92 and a 1-year high of $69.26. The business has a 50-day moving average of $57.28 and a 200 day moving average of $81.30.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share 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 analysts’ expectations of $2.82 billion. During the same period in the prior year, the business posted $0.23 EPS. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CMG. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. TD Cowen boosted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James decreased their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. KeyCorp decreased their price objective on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Finally, Stephens decreased their price objective on Chipotle Mexican Grill from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.47.

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.