Forum Financial Management LP Buys 553 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Forum Financial Management LP increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,013 shares of the restaurant operator’s stock after buying an additional 553 shares during the period. Forum Financial Management LP’s holdings in Chipotle Mexican Grill were worth $519,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First National Bank of Hutchinson increased its holdings in shares of Chipotle Mexican Grill by 1.1% during the first quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock worth $1,099,000 after purchasing an additional 4 shares during the period. Pacific Center for Financial Services boosted its stake in 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 valued at $157,000 after buying an additional 4 shares in the last quarter. Abbrea Capital LLC grew its position in Chipotle Mexican Grill by 4.3% in the first quarter. Abbrea Capital LLC now owns 122 shares of the restaurant operator’s stock valued at $355,000 after acquiring an additional 5 shares during the last quarter. PFG Advisors increased its position in Chipotle Mexican Grill by 3.8% during the 1st quarter. PFG Advisors now owns 136 shares of the restaurant operator’s stock worth $396,000 after purchasing an additional 5 shares in the last quarter. Finally, Verus Capital Partners LLC increased its holdings in shares of Chipotle Mexican Grill by 1.2% during the first quarter. Verus Capital Partners LLC now owns 413 shares of the restaurant operator’s stock worth $1,200,000 after buying an additional 5 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares in the company, valued at $26,115,436.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,290 shares of company stock valued at $1,866,023 over the last ninety days. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $56.38 on Tuesday. The company has a market capitalization of $77.21 billion, a PE ratio of 52.48, a price-to-earnings-growth ratio of 2.27 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a one year low of $40.73 and a one year high of $69.26. The company’s 50 day moving average price is $57.31 and its two-hundred day moving average price is $81.45.

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

Analysts Set New Price Targets

CMG has been the subject of several analyst reports. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Wells Fargo & Company boosted their price objective on Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Robert W. Baird boosted their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Loop Capital raised their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.47.

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.