Summit Trail Advisors LLC Purchases 1,665 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Summit Trail Advisors LLC raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.3% in the 3rd quarter, Holdings Channel reports. The firm owned 17,813 shares of the restaurant operator’s stock after buying an additional 1,665 shares during the quarter. Summit Trail Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,026,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CMG. Westfield Capital Management Co. LP raised its stake in Chipotle Mexican Grill by 5.7% in the third quarter. Westfield Capital Management Co. LP now owns 2,703,951 shares of the restaurant operator’s stock valued at $155,802,000 after purchasing an additional 145,659 shares in the last quarter. Centaurus Financial Inc. increased its holdings in shares of Chipotle Mexican Grill by 222.1% in the 3rd quarter. Centaurus Financial Inc. now owns 37,491 shares of the restaurant operator’s stock worth $2,160,000 after buying an additional 25,851 shares during the last quarter. Alpha DNA Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 1.2% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after buying an additional 168 shares during the last quarter. Baltimore Washington Financial Advisors Inc. raised its position in shares of Chipotle Mexican Grill by 2.1% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 438,978 shares of the restaurant operator’s stock valued at $25,294,000 after buying an additional 9,022 shares in the last quarter. Finally, Algert Global LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $1,555,000. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CMG shares. Stephens reissued an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Truist Financial increased their price objective on Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Loop Capital boosted their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Finally, Evercore ISI boosted their price objective on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.27.

Chipotle Mexican Grill Stock Down 0.0 %

NYSE:CMG opened at $61.99 on Tuesday. The firm’s fifty day simple moving average is $58.54 and its 200 day simple moving average is $81.16. The stock has a market cap of $84.47 billion, a P/E ratio of 57.70, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a twelve month low of $43.66 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the sale, the insider now directly owns 473,514 shares in the company, valued at $26,052,740.28. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction on Thursday, September 12th. The stock was 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 owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is currently owned by corporate insiders.

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.