First Horizon Advisors Inc. Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Horizon Advisors Inc. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.4% during the third quarter, HoldingsChannel reports. The fund owned 9,951 shares of the restaurant operator’s stock after acquiring an additional 235 shares during the quarter. First Horizon Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CMG. Advisors Asset Management Inc. raised its stake in shares of Chipotle Mexican Grill by 29.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 46,854 shares of the restaurant operator’s stock worth $2,700,000 after buying an additional 10,638 shares in the last quarter. Commerce Bank grew its holdings in Chipotle Mexican Grill by 12.8% during the third quarter. Commerce Bank now owns 86,054 shares of the restaurant operator’s stock worth $4,958,000 after acquiring an additional 9,754 shares during the period. Strategy Asset Managers LLC acquired a new stake in Chipotle Mexican Grill in the third quarter valued at $1,052,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $9,128,000. Finally, Premier Fund Managers Ltd acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth $57,335,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on CMG shares. Stephens reiterated an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Robert W. Baird boosted their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Evercore ISI boosted their target price on Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Oppenheimer restated an “outperform” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $65.27.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. This represents a 3.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction 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 4.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock worth $1,866,023 in the last 90 days. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Stock Up 1.9 %

Shares of CMG stock opened at $60.01 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.66 and a fifty-two week high of $69.26. The firm’s 50 day moving average price is $58.33 and its two-hundred day moving average price is $80.95. The stock has a market cap of $81.77 billion, a price-to-earnings ratio of 55.85, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26.

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 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 company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.