41,031 Shares of Chipotle Mexican Grill, Inc. $CMG Bought by VCI Wealth Management LLC

VCI Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 41,031 shares of the restaurant operator’s stock, valued at approximately $1,311,000.

Other institutional investors have also recently bought and sold shares of the company. EP Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth approximately $948,000. Callan Family Office LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $1,406,000. MassMutual Private Wealth & Trust FSB boosted its position in Chipotle Mexican Grill by 7,051.6% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 243,726 shares of the restaurant operator’s stock valued at $7,787,000 after buying an additional 240,318 shares in the last quarter. Park National Corp OH boosted its position in Chipotle Mexican Grill by 442.1% in the third quarter. Park National Corp OH now owns 309,327 shares of the restaurant operator’s stock valued at $9,883,000 after buying an additional 252,265 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in shares of Chipotle Mexican Grill by 181.1% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 1,066,722 shares of the restaurant operator’s stock worth $34,082,000 after buying an additional 687,209 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a $32.00 price target on shares of Chipotle Mexican Grill in a report on Thursday. Raymond James Financial reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday. Guggenheim reissued a “neutral” rating and set a $32.00 price objective (down from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday. Wells Fargo & Company cut their price objective on Chipotle Mexican Grill from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $40.00 price objective (down from $45.00) on shares of Chipotle Mexican Grill in a research report on Thursday. Twenty-seven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.36.

Get Our Latest Report on CMG

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $32.88 on Tuesday. The business has a 50 day moving average of $32.99 and a 200-day moving average of $34.09. Chipotle Mexican Grill, Inc. has a 1 year low of $27.31 and a 1 year high of $41.42. The company has a market capitalization of $41.61 billion, a P/E ratio of 30.73, a P/E/G ratio of 1.75 and a beta of 0.96.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Chipotle Mexican Grill had a net margin of 10.83% and a return on equity of 56.91%. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the business earned $0.29 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.10 EPS for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the transaction, the insider directly owned 21,415 shares in the company, valued at approximately $765,586.25. This represents a 11.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by insiders.

Chipotle Mexican Grill Company Profile

(Free Report)

Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.

Further Reading

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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