Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Continuum Advisory LLC

Continuum Advisory LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 50.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,432 shares of the restaurant operator’s stock after purchasing an additional 483 shares during the period. Continuum Advisory LLC’s holdings in Chipotle Mexican Grill were worth $86,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Alpha DNA Investment Management LLC increased its holdings in Chipotle Mexican Grill by 1.2% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after buying an additional 168 shares during the period. Lecap Asset Management Ltd. raised its holdings in shares of Chipotle Mexican Grill by 1.2% during the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock worth $843,000 after purchasing an additional 175 shares during the last quarter. Connable Office Inc. lifted its position in Chipotle Mexican Grill by 0.6% during the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after purchasing an additional 178 shares during the period. Albion Financial Group UT boosted its holdings in Chipotle Mexican Grill by 14.4% in the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock valued at $82,000 after purchasing an additional 180 shares during the last quarter. Finally, CVA Family Office LLC grew its position in Chipotle Mexican Grill by 8.7% during the 3rd quarter. CVA Family Office LLC now owns 2,313 shares of the restaurant operator’s stock worth $133,000 after purchasing an additional 185 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

CMG stock opened at $65.57 on Thursday. Chipotle Mexican Grill, Inc. has a 1 year low of $44.08 and a 1 year high of $69.26. The firm has a market capitalization of $89.35 billion, a PE ratio of 61.25, a price-to-earnings-growth ratio of 2.63 and a beta of 1.27. The business has a 50 day simple moving average of $59.70 and a 200-day simple moving average of $81.13.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on CMG shares. Royal Bank of Canada initiated coverage on Chipotle Mexican Grill in a report on Friday, November 15th. They issued an “outperform” rating and a $70.00 price objective for the company. Piper Sandler upped their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Stephens reaffirmed an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Wedbush reiterated an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Finally, Oppenheimer restated an “outperform” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.42.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill 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 in the company, valued at $26,115,436.20. The trade was a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is owned by insiders.

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.