Independent Advisor Alliance Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Independent Advisor Alliance raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,689 shares of the restaurant operator’s stock after purchasing an additional 180 shares during the quarter. Independent Advisor Alliance’s holdings in Chipotle Mexican Grill were worth $4,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CMG. Advisors Asset Management Inc. boosted its holdings in Chipotle Mexican Grill by 53.7% in the 1st quarter. Advisors Asset Management Inc. now owns 455 shares of the restaurant operator’s stock valued at $1,323,000 after purchasing an additional 159 shares during the last quarter. SVB Wealth LLC lifted its holdings in shares of Chipotle Mexican Grill by 3.7% in the 1st quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock worth $407,000 after acquiring an additional 5 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Chipotle Mexican Grill by 2.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 633 shares of the restaurant operator’s stock worth $1,840,000 after acquiring an additional 13 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its holdings in shares of Chipotle Mexican Grill by 235.8% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 460 shares of the restaurant operator’s stock worth $1,337,000 after acquiring an additional 323 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Chipotle Mexican Grill by 0.7% in the 1st quarter. California State Teachers Retirement System now owns 44,960 shares of the restaurant operator’s stock worth $130,688,000 after acquiring an additional 305 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 3.4 %

NYSE:CMG opened at $62.01 on Monday. The firm has a 50-day moving average price of $58.45 and a two-hundred day moving average price of $81.18. Chipotle Mexican Grill, Inc. has a twelve month low of $43.66 and a twelve month high of $69.26. The company has a market capitalization of $84.49 billion, a P/E ratio of 57.72, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 4.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,290 shares of company stock worth $1,866,023. Insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CMG shares. Stephens restated an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. TD Cowen upped their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird increased their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their target price on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Wedbush reiterated an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.