Entropy Technologies LP Buys Shares of 14,605 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Entropy Technologies LP purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,605 shares of the restaurant operator’s stock, valued at approximately $842,000.

Several other hedge funds have also recently made changes to their positions in the stock. Empowered Funds LLC lifted its holdings in shares of Chipotle Mexican Grill by 27.9% during the 1st quarter. Empowered Funds LLC now owns 344 shares of the restaurant operator’s stock valued at $1,000,000 after buying an additional 75 shares during the period. QRG Capital Management Inc. boosted its position in Chipotle Mexican Grill by 9.7% in the first quarter. QRG Capital Management Inc. now owns 373 shares of the restaurant operator’s stock worth $1,085,000 after purchasing an additional 33 shares during the last quarter. US Bancorp DE grew its stake in shares of Chipotle Mexican Grill by 2.3% during the 1st quarter. US Bancorp DE now owns 1,988 shares of the restaurant operator’s stock valued at $5,779,000 after purchasing an additional 45 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of Chipotle Mexican Grill by 41.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 521 shares of the restaurant operator’s stock worth $1,514,000 after purchasing an additional 152 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of Chipotle Mexican Grill by 29.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 1,539 shares of the restaurant operator’s stock worth $4,474,000 after purchasing an additional 354 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMG has been the topic of several recent research reports. Loop Capital increased their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Raymond James decreased their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, July 25th. BMO Capital Markets boosted their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Citigroup decreased their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Robert W. Baird boosted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $64.47.

Insiders Place Their Bets

In related news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated 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 sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale 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 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 sale, the insider now owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Trading Down 2.0 %

NYSE CMG opened at $59.26 on Thursday. The stock has a market cap of $80.75 billion, a PE ratio of 55.16, a PEG ratio of 2.44 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 12 month low of $42.98 and a 12 month high of $69.26. The company’s 50-day moving average price is $57.66 and its 200-day moving average price is $81.40.

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

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.