Claro Advisors LLC Buys 2,644 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Claro Advisors LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 64.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,749 shares of the restaurant operator’s stock after acquiring an additional 2,644 shares during the period. Claro Advisors LLC’s holdings in Chipotle Mexican Grill were worth $389,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CMG. Pacific Center for Financial Services boosted its stake in Chipotle Mexican Grill by 8.0% during the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after buying an additional 4 shares during the last quarter. SVB Wealth LLC boosted its position in shares of Chipotle Mexican Grill by 3.7% during the 1st quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock valued at $407,000 after acquiring an additional 5 shares during the last quarter. Freestone Capital Holdings LLC grew its holdings in shares of Chipotle Mexican Grill by 5.4% in the first 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 in the last quarter. Semmax Financial Advisors Inc. grew its holdings 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 valued at $42,000 after purchasing an additional 9 shares in the last quarter. Finally, Pitcairn Co. increased its stake in Chipotle Mexican Grill by 8.4% during the first quarter. Pitcairn Co. now owns 168 shares of the restaurant operator’s stock worth $488,000 after acquiring an additional 13 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent research reports. Robert W. Baird lifted their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. BMO Capital Markets lifted their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Raymond James decreased their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Royal Bank of Canada initiated coverage on shares of Chipotle Mexican Grill in a report on Friday. They issued an “outperform” rating and a $70.00 target price for the company. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the sale, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $58.84 on Tuesday. Chipotle Mexican Grill, Inc. has a 1 year low of $43.20 and a 1 year high of $69.26. The stock has a market cap of $80.17 billion, a PE ratio of 54.77, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26. The firm has a fifty day moving average price of $58.11 and a 200 day moving average price of $81.28.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates 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 was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

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.