39,590 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by WT Wealth Management

WT Wealth Management acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 39,590 shares of the restaurant operator’s stock, valued at approximately $2,351,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMG. Shellback Capital LP boosted its holdings in Chipotle Mexican Grill by 4,900.0% during the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after buying an additional 122,500 shares in the last quarter. Swedbank AB bought a new stake in Chipotle Mexican Grill during the first quarter valued at about $53,979,000. Transform Wealth LLC grew its holdings in Chipotle Mexican Grill by 4,760.7% in the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after buying an additional 9,331 shares during the last quarter. First Hawaiian Bank increased its position in Chipotle Mexican Grill by 4,731.0% in the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock worth $1,074,000 after buying an additional 16,795 shares during the period. Finally, Legacy Private Trust Co. acquired a new position in Chipotle Mexican Grill during the 3rd quarter valued at $2,267,000. 91.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on 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 directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed 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 value of $898,537.50. Following the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,684 shares of company stock valued at $2,817,127. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Stock Up 0.5 %

Shares of Chipotle Mexican Grill stock traded up $0.31 on Tuesday, hitting $60.01. The stock had a trading volume of 3,513,646 shares, compared to its average volume of 13,966,872. The stock has a market cap of $82.41 billion, a price-to-earnings ratio of 63.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a twelve month low of $35.97 and a twelve month high of $69.26. The business’s 50 day moving average is $56.21 and its two-hundred day moving average is $81.46.

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

Wall Street Analysts Forecast Growth

CMG has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Citigroup boosted their price target on shares of Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Guggenheim raised their price objective on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Raymond James reduced their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Robert W. Baird reduced their price objective on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $63.03.

Chipotle Mexican Grill Company 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.