41,031 Shares of Chipotle Mexican Grill, Inc. $CMG Bought by VCI Wealth Management LLC

VCI Wealth Management LLC acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 41,031 shares of the restaurant operator’s stock, valued at approximately $1,311,000.

A number of other institutional investors have also recently bought and sold shares of the business. Citizens Financial Group Inc. RI increased its holdings in shares of Chipotle Mexican Grill by 2.5% during the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 311 shares during the period. ANB Bank boosted its stake in shares of Chipotle Mexican Grill by 5.8% in the first quarter. ANB Bank now owns 6,317 shares of the restaurant operator’s stock valued at $202,000 after buying an additional 349 shares during the period. State of Wyoming boosted its stake in shares of Chipotle Mexican Grill by 10.9% in the first quarter. State of Wyoming now owns 3,759 shares of the restaurant operator’s stock valued at $120,000 after buying an additional 368 shares during the period. Valmark Advisers Inc. boosted its stake in shares of Chipotle Mexican Grill by 2.9% in the first quarter. Valmark Advisers Inc. now owns 13,275 shares of the restaurant operator’s stock valued at $425,000 after buying an additional 377 shares during the period. Finally, GM Advisory Group LLC boosted its stake in shares of Chipotle Mexican Grill by 7.2% in the first quarter. GM Advisory Group LLC now owns 6,434 shares of the restaurant operator’s stock valued at $206,000 after buying an additional 434 shares during the period. Institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CMG. Weiss Ratings raised Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Stephens reaffirmed an “equal weight” rating and issued a $38.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, October 29th. Wells Fargo & Company dropped their price objective on Chipotle Mexican Grill from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft cut their target price on Chipotle Mexican Grill from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, October 21st. Finally, JPMorgan Chase & Co. reduced their target price on Chipotle Mexican Grill from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Twenty-seven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $42.36.

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 transaction, the insider directly owned 21,415 shares of the company’s stock, valued at $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.45% of the stock is owned by company insiders.

Chipotle Mexican Grill Trading Up 3.1%

Shares of NYSE:CMG opened at $32.88 on Tuesday. The firm has a 50 day moving average of $32.99 and a 200-day moving average of $34.09. The stock has a market capitalization of $41.61 billion, a PE ratio of 30.73, a PEG ratio of 1.75 and a beta of 0.96. Chipotle Mexican Grill, Inc. has a 12 month low of $27.31 and a 12 month high of $41.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.29 billion. Chipotle Mexican Grill had a return on equity of 56.91% and a net margin of 10.83%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.10 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.