Cerity Partners LLC Buys 85,407 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cerity Partners LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 571,738 shares of the restaurant operator’s stock after acquiring an additional 85,407 shares during the period. Cerity Partners LLC’s holdings in Chipotle Mexican Grill were worth $32,943,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in Chipotle Mexican Grill by 53.7% in the first quarter. Advisors Asset Management Inc. now owns 455 shares of the restaurant operator’s stock worth $1,323,000 after purchasing an additional 159 shares during the last quarter. SVB Wealth LLC lifted its stake in shares of Chipotle Mexican Grill by 3.7% during the 1st quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock worth $407,000 after acquiring an additional 5 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Chipotle Mexican Grill by 2.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 633 shares of the restaurant operator’s stock valued at $1,840,000 after acquiring an additional 13 shares during the period. Meiji Yasuda Life Insurance Co grew its position in Chipotle Mexican Grill by 235.8% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 460 shares of the restaurant operator’s stock valued at $1,337,000 after acquiring an additional 323 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in Chipotle Mexican Grill by 0.7% in the first quarter. California State Teachers Retirement System now owns 44,960 shares of the restaurant operator’s stock worth $130,688,000 after purchasing an additional 305 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $62.01 on Monday. Chipotle Mexican Grill, Inc. has a 1 year low of $43.66 and a 1 year high of $69.26. The company has a market capitalization of $84.49 billion, a PE ratio of 57.95, a P/E/G ratio of 2.41 and a beta of 1.26. The company has a fifty day moving average of $58.45 and a 200 day moving average of $81.18.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) 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 business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on CMG shares. Stifel Nicolaus restated a “buy” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Loop Capital upped their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. TD Cowen lifted their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup dropped their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Wedbush reaffirmed an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.27.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 4.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now directly owns 473,514 shares in the company, valued at $26,052,740.28. This trade represents a 3.22 % 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 worth $1,866,023 in the last 90 days. Corporate insiders own 1.02% of the company’s stock.

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.