Chipotle Mexican Grill, Inc. $CMG Shares Newly Bought by Ashurst Perkins Coie Trust Co

Ashurst Perkins Coie Trust Co acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 37,994 shares of the restaurant operator’s stock, valued at approximately $1,214,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Groupama Asset Managment grew its position in shares of Chipotle Mexican Grill by 1.9% during the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock worth $568,000 after buying an additional 291 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in Chipotle Mexican Grill by 2.5% in the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock worth $407,000 after acquiring an additional 311 shares during the period. ANB Bank lifted its stake in Chipotle Mexican Grill by 5.8% in the first quarter. ANB Bank now owns 6,317 shares of the restaurant operator’s stock worth $202,000 after acquiring an additional 349 shares during the period. State of Wyoming grew its holdings in Chipotle Mexican Grill by 10.9% during the 1st quarter. State of Wyoming now owns 3,759 shares of the restaurant operator’s stock worth $120,000 after acquiring an additional 368 shares in the last quarter. Finally, Valmark Advisers Inc. grew its holdings in Chipotle Mexican Grill by 2.9% during the 1st quarter. Valmark Advisers Inc. now owns 13,275 shares of the restaurant operator’s stock worth $425,000 after acquiring an additional 377 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Up 0.4%

CMG opened at $30.48 on Thursday. The firm has a market cap of $38.57 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.86 and a beta of 0.96. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $42.81. The stock has a fifty day moving average price of $34.09 and a 200-day moving average price of $33.49.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. TD Cowen reissued a “buy” rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Seaport Research Partners started coverage on shares of Chipotle Mexican Grill in a research report on Wednesday, September 16th. They issued a “neutral” rating for the company. Stephens reiterated a “positive” rating and set a $40.00 price objective (up from $36.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Finally, Raymond James Financial reissued an “outperform” rating and set a $42.50 price objective on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Twenty-three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.91.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the sale, the insider directly owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. This represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that specializes in Mexican-inspired food made with a limited number of core ingredients. Its menu includes burritos, burrito bowls, tacos, quesadillas, salads and sides, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company also offers beverages, including soft drinks and other drinks, and allows customers to customize meals.

Founded by Steve Ells in 1993, Chipotle operates company-owned restaurants under the Chipotle Mexican Grill brand.