Transamerica Financial Advisors Inc. Purchases New Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Transamerica Financial Advisors Inc. acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 72,484 shares of the restaurant operator’s stock, valued at approximately $4,177,000.

A number of other institutional investors and hedge funds have also modified their holdings of CMG. Semmax Financial Advisors Inc. increased its holdings in Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 9 shares during the period. LRI Investments LLC bought a new stake in Chipotle Mexican Grill in the first quarter valued at about $168,000. Pacific Center for Financial Services raised its position in Chipotle Mexican Grill by 8.0% in the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after purchasing an additional 4 shares in the last quarter. Western Pacific Wealth Management LP lifted its stake in Chipotle Mexican Grill by 27.3% during the first quarter. Western Pacific Wealth Management LP now owns 70 shares of the restaurant operator’s stock worth $203,000 after purchasing an additional 15 shares during the period. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $305,000. 91.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Royal Bank of Canada began coverage on Chipotle Mexican Grill in a research report on Friday, November 15th. They set an “outperform” rating and a $70.00 target price for the company. Wedbush reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Piper Sandler lifted their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.27.

Insider Buying and Selling

In other news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This trade represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,290 shares of company stock worth $1,866,023. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG traded down $0.02 during trading on Tuesday, hitting $61.98. The stock had a trading volume of 800,126 shares, compared to its average volume of 13,670,133. Chipotle Mexican Grill, Inc. has a 12 month low of $43.66 and a 12 month high of $69.26. The company’s 50-day moving average price is $58.54 and its two-hundred day moving average price is $81.16. The company has a market capitalization of $84.45 billion, a PE ratio of 57.70, a P/E/G ratio of 2.49 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last released 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 business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm earned $0.23 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal 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.