Dakota Wealth Management Purchases 166,910 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Dakota Wealth Management increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 996.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,660 shares of the restaurant operator’s stock after purchasing an additional 166,910 shares during the quarter. Dakota Wealth Management’s holdings in Chipotle Mexican Grill were worth $10,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Diversified Trust Co lifted its holdings 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 period. Valley National Advisers Inc. lifted its holdings in Chipotle Mexican Grill by 9.8% in the first quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock valued at $131,000 after acquiring an additional 4 shares during the period. Scott & Selber Inc. lifted its holdings in Chipotle Mexican Grill by 0.6% in the first quarter. Scott & Selber Inc. now owns 720 shares of the restaurant operator’s stock valued at $2,093,000 after acquiring an additional 4 shares during the period. Quent Capital LLC grew its stake in shares of Chipotle Mexican Grill by 2.0% during the 1st quarter. Quent Capital LLC now owns 206 shares of the restaurant operator’s stock valued at $599,000 after purchasing an additional 4 shares during the period. Finally, First National Bank of Hutchinson increased its position in shares of Chipotle Mexican Grill by 1.1% during the 1st quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock valued at $1,099,000 after purchasing an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Robert W. Baird reduced their price objective on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Raymond James lowered their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Wedbush restated an “outperform” rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.03.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $59.43 on Friday. The company has a market capitalization of $81.62 billion, a PE ratio of 63.22, a P/E/G ratio of 2.41 and a beta of 1.25. The company has a 50 day moving average price of $56.52 and a 200-day moving average price of $81.32. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.97 and a fifty-two week high of $69.26.

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

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,684 shares of company stock worth $2,817,127 over the last three months. 1.02% of the stock is owned by corporate 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.