Garden State Investment Advisory Services LLC Has $291,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Garden State Investment Advisory Services LLC raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 31.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,052 shares of the restaurant operator’s stock after acquiring an additional 1,222 shares during the period. Garden State Investment Advisory Services LLC’s holdings in Chipotle Mexican Grill were worth $291,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. RiverPark Advisors LLC increased its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares in the last quarter. Archer Investment Corp acquired a new position in Chipotle Mexican Grill in the 2nd quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group raised its position in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter valued at about $27,000. Finally, MCF Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 5,525.0% during the second quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 442 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $64.62 on Friday. The company has a fifty day moving average price of $60.20 and a 200-day moving average price of $80.93. The firm has a market cap of $88.05 billion, a price-to-earnings ratio of 60.39, a PEG ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $44.08 and a 1 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 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction dated 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 owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This trade represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. TD Cowen raised their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird increased their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada started 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. Finally, Wells Fargo & Company upped their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.71.

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.