Resonant Capital Advisors LLC Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Resonant Capital Advisors LLC increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,983 shares of the restaurant operator’s stock after buying an additional 233 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Chipotle Mexican Grill were worth $287,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Hazlett Burt & Watson Inc. lifted its position 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 valued at $73,000 after purchasing an additional 4 shares during the period. Diversified Trust Co raised its stake in shares of Chipotle Mexican Grill by 0.9% during the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after buying an additional 4 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in shares of Chipotle Mexican Grill by 9.8% in the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock valued at $131,000 after buying an additional 4 shares during the period. Scott & Selber Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.6% in the first quarter. Scott & Selber Inc. now owns 720 shares of the restaurant operator’s stock worth $2,093,000 after buying an additional 4 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in Chipotle Mexican Grill by 2.0% during the first quarter. Quent Capital LLC now owns 206 shares of the restaurant operator’s stock worth $599,000 after acquiring an additional 4 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $59.39 on Monday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.97 and a fifty-two week high of $69.26. The firm has a market capitalization of $81.56 billion, a price-to-earnings ratio of 63.18, a PEG ratio of 2.41 and a beta of 1.25. The stock has a 50 day moving average of $56.13 and a 200 day moving average of $81.45.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the firm earned $12.65 EPS. Chipotle Mexican Grill’s revenue was up 18.2% on a year-over-year basis. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insiders Place Their Bets

In other 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 completion of the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, 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 completion of the transaction, the insider now directly owns 457,764 shares in the company, valued at $26,115,436.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,684 shares of company stock worth $2,817,127 over the last ninety days. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup boosted their price target on Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Oppenheimer reiterated an “outperform” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, September 30th. Wedbush reissued an “outperform” rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Loop Capital cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, July 25th. Finally, TD Cowen restated a “buy” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, September 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.03.

About Chipotle Mexican Grill

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.