Chipotle Mexican Grill, Inc. $CMG Stock Holdings Lifted by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 837.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,235 shares of the restaurant operator’s stock after buying an additional 50,235 shares during the period. Goelzer Investment Management Inc.’s holdings in Chipotle Mexican Grill were worth $1,797,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. EP Wealth Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $948,000. Callan Family Office LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $1,406,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Chipotle Mexican Grill by 7,051.6% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 243,726 shares of the restaurant operator’s stock valued at $7,787,000 after buying an additional 240,318 shares during the period. Park National Corp OH increased its stake in shares of Chipotle Mexican Grill by 442.1% in the 3rd quarter. Park National Corp OH now owns 309,327 shares of the restaurant operator’s stock valued at $9,883,000 after buying an additional 252,265 shares during the period. Finally, KMG Fiduciary Partners LLC grew its stake in shares of Chipotle Mexican Grill by 246.4% during the third quarter. KMG Fiduciary Partners LLC now owns 141,389 shares of the restaurant operator’s stock worth $4,517,000 after purchasing an additional 100,569 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG traded up $2.60 during midday trading on Thursday, reaching $31.33. The company’s stock had a trading volume of 42,432,740 shares, compared to its average volume of 18,084,094. Chipotle Mexican Grill, Inc. has a 12-month low of $27.31 and a 12-month high of $41.42. The firm has a 50 day moving average price of $33.20 and a 200-day moving average price of $34.21. The stock has a market capitalization of $39.65 billion, a P/E ratio of 28.74, a PEG ratio of 1.67 and a beta of 0.96.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the previous year, the business posted $0.29 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the transaction, the insider owned 21,415 shares in the company, valued at approximately $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of a number of recent research reports. BTIG Research reaffirmed a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday. Morgan Stanley boosted their price target on Chipotle Mexican Grill from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Raymond James Financial restated an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $43.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $50.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday. Twenty-seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.47.

Trending Headlines about Chipotle Mexican Grill

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Third-quarter revenue rose 9.6% to $3.29 billion, in line with expectations, while comparable-restaurant sales increased 2.1% and transactions grew for the third consecutive quarter. Value offers and limited-time menu items helped attract diners. Chipotle beats quarterly sales expectations on resilient demand
• Positive Sentiment: Investors responded favorably to signs of a traffic recovery following earlier food-safety concerns. New menu launches, refreshed loyalty benefits and plans to accelerate technology and menu innovation are supporting the turnaround. Chipotle Sales Beat as New Chicken, Chips Bring Diners Back
• Positive Sentiment: Chipotle opened 84 company-owned restaurants during the quarter, and its loyalty program surpassed 24 million members, providing additional long-term growth and customer-engagement potential. Chipotle: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts maintained bullish ratings, including DA Davidson and BTIG Research at $45 targets and Oppenheimer at a $51 target, implying substantial upside based on the supplied reference price. Oppenheimer analyst rating
• Neutral Sentiment: Analyst opinion remains mixed: Citigroup kept a Buy rating while cutting its target to $41, whereas BNP Paribas Exane retained Neutral and reduced its target to $36. Bernstein also lowered its target to $43 from $50. Citigroup price target
• Negative Sentiment: Adjusted earnings were $0.27 per share, below the $0.29 consensus and last year’s $0.29, as higher operating costs, beef prices and increased protein usage pressured margins. Chipotle Q3 earnings miss estimates
• Negative Sentiment: Management’s outlook calls for only modestly higher sales, leaving investors dependent on the fourth-quarter brisket launch, continued traffic gains and successful cost management to sustain the recovery. The rest of Chipotle’s year hinges on brisket

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.