Knuff & Co LLC Purchases 65,450 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Knuff & Co LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 536.5% during the third quarter, Holdings Channel.com reports. The firm owned 77,650 shares of the restaurant operator’s stock after buying an additional 65,450 shares during the quarter. Chipotle Mexican Grill accounts for approximately 1.4% of Knuff & Co LLC’s holdings, making the stock its 23rd biggest position. Knuff & Co LLC’s holdings in Chipotle Mexican Grill were worth $4,474,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CMG. Caprock Group LLC boosted its stake in Chipotle Mexican Grill by 13.3% during the 3rd quarter. Caprock Group LLC now owns 35,899 shares of the restaurant operator’s stock valued at $2,069,000 after purchasing an additional 4,205 shares during the last quarter. Savoir Faire Capital Management L.P. lifted its holdings in shares of Chipotle Mexican Grill by 144.5% in the third quarter. Savoir Faire Capital Management L.P. now owns 205,352 shares of the restaurant operator’s stock valued at $11,832,000 after purchasing an additional 121,352 shares in the last quarter. Meeder Advisory Services Inc. lifted its holdings in shares of Chipotle Mexican Grill by 5.0% in the third quarter. Meeder Advisory Services Inc. now owns 19,981 shares of the restaurant operator’s stock valued at $1,151,000 after purchasing an additional 959 shares in the last quarter. Semus Wealth Partners LLC purchased a new position in shares of Chipotle Mexican Grill during the third quarter valued at approximately $530,000. Finally, Cassaday & Co Wealth Management LLC grew its holdings in Chipotle Mexican Grill by 4.7% during the third quarter. Cassaday & Co Wealth Management LLC now owns 15,141 shares of the restaurant operator’s stock worth $872,000 after buying an additional 686 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Stephens reissued an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Truist Financial raised their target price on Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $65.27.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated Monday, October 7th. The stock was 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 of the company’s stock, valued at $26,115,436.20. The trade was a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the 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 $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. Insiders sold a total of 33,290 shares of company stock valued at $1,866,023 in the last quarter. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.4 %

Chipotle Mexican Grill stock opened at $58.84 on Tuesday. The stock has a market cap of $80.17 billion, a price-to-earnings ratio of 54.77, a PEG ratio of 2.36 and a beta of 1.26. The business has a 50-day simple moving average of $58.11 and a 200 day simple moving average of $81.28. Chipotle Mexican Grill, Inc. has a 52 week low of $43.20 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

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.