Birchcreek Wealth Management LLC Has $355,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Birchcreek Wealth Management LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,159 shares of the restaurant operator’s stock after acquiring an additional 756 shares during the period. Birchcreek Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $355,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Empirical Finance LLC boosted its stake in Chipotle Mexican Grill by 2.2% in the third quarter. Empirical Finance LLC now owns 47,275 shares of the restaurant operator’s stock valued at $2,724,000 after acquiring an additional 1,030 shares during the last quarter. Connable Office Inc. boosted its position in shares of Chipotle Mexican Grill by 0.6% during the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock worth $1,840,000 after purchasing an additional 178 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Chipotle Mexican Grill by 8.0% during the third quarter. CIBC Asset Management Inc now owns 199,610 shares of the restaurant operator’s stock worth $11,502,000 after purchasing an additional 14,868 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 2.5% during the third quarter. OneDigital Investment Advisors LLC now owns 16,864 shares of the restaurant operator’s stock worth $972,000 after purchasing an additional 418 shares in the last quarter. Finally, Impax Asset Management Group plc bought a new position in shares of Chipotle Mexican Grill during the third quarter worth $17,155,000. 91.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CMG. Oppenheimer reissued an “outperform” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. 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. Evercore ISI raised their price objective on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, Robert W. Baird raised their price objective 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. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.27.

Chipotle Mexican Grill Stock Down 1.1 %

Shares of NYSE:CMG traded down $0.63 during midday trading on Friday, hitting $59.28. The stock had a trading volume of 560,652 shares, compared to its average volume of 13,823,571. The company’s 50-day moving average price is $57.78 and its 200-day moving average price is $81.24. The company has a market capitalization of $80.77 billion, a P/E ratio of 55.77, a price-to-earnings-growth ratio of 2.39 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.10 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business’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 company earned $0.23 EPS. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $26,115,436.20. This represents a 3.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 4.13 % 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 in the last ninety days. 1.02% of the stock is currently owned by insiders.

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.