Chipotle Mexican Grill, Inc. (NYSE:CMG) Stake Boosted by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 36.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,981 shares of the restaurant operator’s stock after purchasing an additional 3,481 shares during the period. Aptus Capital Advisors LLC’s holdings in Chipotle Mexican Grill were worth $748,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacific Center for Financial Services boosted its position in shares of Chipotle Mexican Grill by 8.0% in the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after buying an additional 4 shares during the period. SVB Wealth LLC boosted its position in Chipotle Mexican Grill by 3.7% during the 1st quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock worth $407,000 after acquiring an additional 5 shares during the period. Nicolet Advisory Services LLC grew its stake in Chipotle Mexican Grill by 1.9% during the 1st quarter. Nicolet Advisory Services LLC now owns 318 shares of the restaurant operator’s stock valued at $931,000 after acquiring an additional 6 shares in the last quarter. Freestone Capital Holdings LLC increased its holdings in shares of Chipotle Mexican Grill by 5.4% in the 1st quarter. Freestone Capital Holdings LLC now owns 136 shares of the restaurant operator’s stock valued at $396,000 after purchasing an additional 7 shares during the period. Finally, Semmax Financial Advisors Inc. lifted its position in shares of Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 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 $59.92 on Friday. The stock has a market cap of $81.64 billion, a P/E ratio of 55.77, a PEG ratio of 2.44 and a beta of 1.26. The company has a fifty day moving average price of $57.78 and a 200 day moving average price of $81.24. Chipotle Mexican Grill, Inc. has a one year low of $42.98 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CMG shares. KeyCorp dropped their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Truist Financial increased their price objective on Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lowered their target price on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Stephens reaffirmed an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday. Finally, Wedbush reissued an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.47.

Insiders Place Their Bets

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated Monday, October 7th. The shares were 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 in the company, valued at approximately $26,115,436.20. This trade represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is currently owned by company insiders.

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.