Financial Advocates Investment Management Has $824,000 Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Financial Advocates Investment Management grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,306 shares of the restaurant operator’s stock after buying an additional 466 shares during the period. Financial Advocates Investment Management’s holdings in Chipotle Mexican Grill were worth $824,000 as of its most recent filing with the SEC.

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

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Monday, October 7th. The shares were 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 directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. This represents a 0.00 % 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 business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,684 shares of company stock worth $2,817,127. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 5.1 %

Shares of CMG stock opened at $58.59 on Friday. The firm has a market cap of $80.24 billion, a P/E ratio of 54.53, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The business has a 50-day moving average price of $57.28 and a two-hundred day moving average price of $81.14. Chipotle Mexican Grill, Inc. has a 12-month low of $39.92 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted 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 return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the company earned $0.23 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMG. Robert W. Baird raised their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday. Loop Capital raised their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday. The Goldman Sachs Group decreased their price target 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. Stephens cut their price objective on shares of Chipotle Mexican Grill from $66.00 to $65.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Barclays upped their target price on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $64.47.

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.