ING Groep NV Has $9.95 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

ING Groep NV lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 172,750 shares of the restaurant operator’s stock after selling 18,550 shares during the quarter. ING Groep NV’s holdings in Chipotle Mexican Grill were worth $9,954,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. grew its holdings in shares of Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 9 shares during the period. Crewe Advisors LLC acquired a new position in Chipotle Mexican Grill in the first quarter valued at about $44,000. LRI Investments LLC bought a new stake in shares of Chipotle Mexican Grill in the first quarter worth about $168,000. Pacific Center for Financial Services raised its position in shares of Chipotle Mexican Grill by 8.0% during the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after purchasing an additional 4 shares during the period. Finally, Nwam LLC bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $220,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.1 %

Shares of NYSE CMG opened at $59.92 on Friday. The firm has a market cap of $81.64 billion, a P/E ratio of 55.77, a price-to-earnings-growth ratio of 2.39 and a beta of 1.26. The business’s 50 day moving average is $57.78 and its 200-day moving average is $81.24. Chipotle Mexican Grill, Inc. has a 1-year low of $42.98 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 EPS. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on CMG. Wedbush reissued an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group lowered their target price on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Wells Fargo & Company boosted their price target on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets increased their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a 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 MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $64.47.

Insiders Place Their Bets

In other 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 directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction on 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 owns 457,764 shares in the company, valued at $26,115,436.20. The trade was a 3.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,290 shares of company stock worth $1,866,023 in the last quarter. 1.02% of the stock is currently owned by corporate insiders.

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.