Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by LVW Advisors LLC

LVW Advisors LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,873 shares of the restaurant operator’s stock after buying an additional 623 shares during the quarter. LVW Advisors LLC’s holdings in Chipotle Mexican Grill were worth $396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Peloton Wealth Strategists boosted its stake in Chipotle Mexican Grill by 0.3% in the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after buying an additional 4 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in Chipotle Mexican Grill by 19.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock worth $73,000 after buying an additional 4 shares during the period. Diversified Trust Co raised its stake in shares of Chipotle Mexican Grill by 0.9% in the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after acquiring an additional 4 shares during the period. Valley National Advisers Inc. lifted its holdings in shares of Chipotle Mexican Grill by 9.8% during the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock valued at $131,000 after acquiring an additional 4 shares in the last quarter. Finally, Scott & Selber Inc. increased its holdings in Chipotle Mexican Grill by 0.6% in the 1st quarter. Scott & Selber Inc. now owns 720 shares of the restaurant operator’s stock valued at $2,093,000 after purchasing an additional 4 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,684 shares of company stock valued at $2,817,127. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $58.65 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The stock has a fifty day moving average price of $55.60 and a two-hundred day moving average price of $81.09. The firm has a market cap of $80.32 billion, a P/E ratio of 57.46, a PEG ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. Chipotle Mexican Grill’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $12.65 earnings per share. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CMG. Wedbush reiterated an “outperform” rating and set a $58.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Evercore ISI cut their price target on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Truist Financial reiterated a “buy” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. KeyCorp cut their price target on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Stephens reissued an “equal weight” rating and issued a $61.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Ten 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.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $62.55.

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.