Planning Capital Management Corp Buys Shares of 2,462 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Planning Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,462 shares of the restaurant operator’s stock, valued at approximately $142,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Plato Investment Management Ltd grew its holdings in shares of Chipotle Mexican Grill by 3.4% during the third quarter. Plato Investment Management Ltd now owns 16,834 shares of the restaurant operator’s stock valued at $969,000 after buying an additional 548 shares during the last quarter. Cable Hill Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 28.2% during the third quarter. Cable Hill Partners LLC now owns 11,025 shares of the restaurant operator’s stock valued at $635,000 after buying an additional 2,425 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 61.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 345,443 shares of the restaurant operator’s stock valued at $19,904,000 after buying an additional 131,350 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in shares of Chipotle Mexican Grill by 4.0% during the third quarter. Pinnacle Financial Partners Inc now owns 181,481 shares of the restaurant operator’s stock valued at $10,457,000 after buying an additional 6,981 shares during the last quarter. Finally, Empower Advisory Group LLC grew its holdings in shares of Chipotle Mexican Grill by 2.9% during the third quarter. Empower Advisory Group LLC now owns 1,907,852 shares of the restaurant operator’s stock valued at $109,930,000 after buying an additional 53,081 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CMG. Stephens reiterated an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Guggenheim raised their target price 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. Citigroup dropped their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.47.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were 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 in the company, valued at $26,115,436.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’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 sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated 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 owns 457,764 shares in the company, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock worth $1,866,023 in the last three months. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $59.26 on Thursday. The company has a market cap of $80.75 billion, a P/E ratio of 55.16, a P/E/G ratio of 2.44 and a beta of 1.26. The firm’s fifty day moving average is $57.78 and its two-hundred day moving average is $81.24. Chipotle Mexican Grill, Inc. has a 52-week low of $42.98 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Chipotle Mexican Grill 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.