Oak Harvest Investment Services Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Oak Harvest Investment Services boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 66.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,664 shares of the restaurant operator’s stock after purchasing an additional 15,782 shares during the period. Oak Harvest Investment Services’ holdings in Chipotle Mexican Grill were worth $2,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CMG. Hudson Valley Investment Advisors Inc. ADV lifted its position in shares of Chipotle Mexican Grill by 4,842.1% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 155,527 shares of the restaurant operator’s stock valued at $8,962,000 after buying an additional 152,380 shares during the last quarter. SteelPeak Wealth LLC bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth $1,262,000. Diversify Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill by 3.0% during the 3rd quarter. Diversify Wealth Management LLC now owns 50,939 shares of the restaurant operator’s stock worth $3,006,000 after acquiring an additional 1,498 shares during the period. First Trust Direct Indexing L.P. grew its stake in shares of Chipotle Mexican Grill by 16.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 37,082 shares of the restaurant operator’s stock worth $2,137,000 after acquiring an additional 5,281 shares during the period. Finally, Evermay Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill by 11.8% during the 3rd quarter. Evermay Wealth Management LLC now owns 11,715 shares of the restaurant operator’s stock worth $675,000 after acquiring an additional 1,240 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s 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 in the company, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares in the company, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,684 shares of company stock valued at $2,817,127. Insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Barclays upped their target price on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday. Evercore ISI lifted their price objective on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group dropped their price target on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.47.

Chipotle Mexican Grill Stock Down 7.8 %

NYSE CMG opened at $55.76 on Thursday. The stock’s 50 day moving average is $57.14 and its 200 day moving average is $81.32. The firm has a market capitalization of $76.36 billion, a PE ratio of 54.67, a P/E/G ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a twelve month low of $38.01 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results 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. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Chipotle Mexican Grill Company 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.