L.M. Kohn & Company Buys 359 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

L.M. Kohn & Company grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,709 shares of the restaurant operator’s stock after buying an additional 359 shares during the quarter. L.M. Kohn & Company’s holdings in Chipotle Mexican Grill were worth $732,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CMG. Alpha DNA Investment Management LLC raised its position in 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 valued at $786,000 after buying an additional 168 shares during the last quarter. Lecap Asset Management Ltd. raised its holdings in shares of Chipotle Mexican Grill by 1.2% in the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock valued at $843,000 after purchasing an additional 175 shares during the last quarter. Connable Office Inc. lifted its position in shares of Chipotle Mexican Grill by 0.6% in the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock worth $1,840,000 after purchasing an additional 178 shares in the last quarter. Albion Financial Group UT boosted its holdings in Chipotle Mexican Grill by 14.4% during the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock worth $82,000 after purchasing an additional 180 shares during the last quarter. Finally, CVA Family Office LLC grew its position in Chipotle Mexican Grill by 8.7% in the third quarter. CVA Family Office LLC now owns 2,313 shares of the restaurant operator’s stock valued at $133,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Barclays lifted their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Evercore ISI raised their target price on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Wells Fargo & Company increased their price target on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $65.27.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $61.52 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $43.66 and a 52-week high of $69.26. The firm has a market cap of $83.83 billion, a price-to-earnings ratio of 57.26, a PEG ratio of 2.50 and a beta of 1.26. The business’s fifty day moving average is $58.89 and its 200-day moving average is $80.86.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, research analysts forecast 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, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill 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.