Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Resources Management Corp CT ADV

Resources Management Corp CT ADV increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,805 shares of the restaurant operator’s stock after purchasing an additional 2,055 shares during the quarter. Resources Management Corp CT ADV’s holdings in Chipotle Mexican Grill were worth $1,602,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Continuum Advisory LLC increased its position in Chipotle Mexican Grill by 50.9% during the 3rd quarter. Continuum Advisory LLC now owns 1,432 shares of the restaurant operator’s stock worth $86,000 after purchasing an additional 483 shares in the last quarter. LRI Investments LLC increased its position in Chipotle Mexican Grill by 132.3% during the 3rd quarter. LRI Investments LLC now owns 5,245 shares of the restaurant operator’s stock worth $314,000 after purchasing an additional 2,987 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its position in Chipotle Mexican Grill by 99.7% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 35,585 shares of the restaurant operator’s stock worth $2,050,000 after purchasing an additional 17,763 shares in the last quarter. Geller Advisors LLC increased its position in Chipotle Mexican Grill by 11.0% during the 3rd quarter. Geller Advisors LLC now owns 4,439 shares of the restaurant operator’s stock worth $256,000 after purchasing an additional 439 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in Chipotle Mexican Grill by 6.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 788,893 shares of the restaurant operator’s stock worth $45,456,000 after purchasing an additional 46,643 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s 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 directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 4.13 % decrease in their position. The sale was disclosed in a document filed 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 that occurred on 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 in the company, valued at approximately $26,115,436.20. The trade was a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,290 shares of company stock valued at $1,866,023. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of recent research reports. Stephens reiterated an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $67.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Oppenheimer restated an “outperform” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Barclays lifted their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Citigroup lowered their price target on 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 analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.42.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $64.58 on Tuesday. The stock’s 50 day moving average price is $59.55 and its 200 day moving average price is $81.11. The firm has a market capitalization of $88.00 billion, a PE ratio of 60.36, a price-to-earnings-growth ratio of 2.63 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $44.08 and a one year high of $69.26.

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

Chipotle Mexican Grill Company 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.