Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Holdings Raised by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 32.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,072 shares of the restaurant operator’s stock after purchasing an additional 1,242 shares during the period. Garden State Investment Advisory Services LLC’s holdings in Chipotle Mexican Grill were worth $292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cinctive Capital Management LP grew its position in shares of Chipotle Mexican Grill by 91.1% during the 3rd quarter. Cinctive Capital Management LP now owns 12,430 shares of the restaurant operator’s stock valued at $716,000 after buying an additional 5,927 shares during the last quarter. Community Bank N.A. grew its position in shares of Chipotle Mexican Grill by 15,060.0% during the 3rd quarter. Community Bank N.A. now owns 7,580 shares of the restaurant operator’s stock valued at $437,000 after buying an additional 7,530 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Chipotle Mexican Grill by 7,317.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 50,882 shares of the restaurant operator’s stock valued at $2,932,000 after buying an additional 50,196 shares during the last quarter. Paloma Partners Management Co grew its position in shares of Chipotle Mexican Grill by 227.0% during the 3rd quarter. Paloma Partners Management Co now owns 153,857 shares of the restaurant operator’s stock valued at $8,865,000 after buying an additional 106,802 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in shares of Chipotle Mexican Grill by 325.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,173 shares of the restaurant operator’s stock valued at $413,000 after buying an additional 5,488 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $2,340,333.80. The trade was a 4.13 % 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 business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. This represents a 3.33 % decrease in their position. 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 over the last ninety days. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG stock opened at $60.54 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $44.08 and a 12 month high of $69.26. The firm has a market cap of $82.49 billion, a PE ratio of 56.58, a P/E/G ratio of 2.48 and a beta of 1.26. The firm has a 50 day simple moving average of $58.94 and a 200 day simple moving average of $81.09.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CMG shares. Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Stephens reaffirmed an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. TD Cowen boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Evercore ISI upped their target price on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, Piper Sandler upped their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $65.27.

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.