Cornerstone Advisors LLC Buys 800 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cornerstone Advisors LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,800 shares of the restaurant operator’s stock after purchasing an additional 800 shares during the period. Cornerstone Advisors LLC’s holdings in Chipotle Mexican Grill were worth $4,368,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised its holdings in Chipotle Mexican Grill by 4,732.3% in the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after buying an additional 19,759,754 shares during the last quarter. Legal & General Group Plc boosted its stake in Chipotle Mexican Grill by 5,209.5% during the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock valued at $685,128,000 after purchasing an additional 10,729,706 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Chipotle Mexican Grill by 5,930.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after buying an additional 10,139,174 shares during the last quarter. Bank of New York Mellon Corp raised its position in Chipotle Mexican Grill by 4,816.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after buying an additional 8,186,198 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Chipotle Mexican Grill by 76,617.6% during the 2nd quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock valued at $369,945,000 after acquiring an additional 5,897,255 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $58.88 on Thursday. The company has a fifty day moving average of $58.26 and a two-hundred day moving average of $81.10. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.66 and a fifty-two week high of $69.26. The stock has a market capitalization of $80.23 billion, a PE ratio of 55.03, a P/E/G ratio of 2.36 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 company 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 company posted $0.23 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,290 shares of company stock worth $1,866,023. Insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of several recent research reports. Guggenheim boosted their target price on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Barclays lifted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Oppenheimer reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Loop Capital upped their target price 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. Finally, The Goldman Sachs Group reduced their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus 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.