Banco Santander S.A. Has $837,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Banco Santander S.A. raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 14,534 shares of the restaurant operator’s stock after purchasing an additional 2,781 shares during the period. Banco Santander S.A.’s holdings in Chipotle Mexican Grill were worth $837,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacific Center for Financial Services grew 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 purchasing an additional 4 shares in the last quarter. SVB Wealth LLC increased its holdings in Chipotle Mexican Grill by 3.7% in the first quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock worth $407,000 after buying an additional 5 shares during the last quarter. Semmax Financial Advisors Inc. increased its holdings in Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after buying an additional 9 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Chipotle Mexican Grill by 2.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 633 shares of the restaurant operator’s stock valued at $1,840,000 after acquiring an additional 13 shares in the last quarter. Finally, Western Pacific Wealth Management LP lifted its stake in Chipotle Mexican Grill by 27.3% in the first quarter. Western Pacific Wealth Management LP now owns 70 shares of the restaurant operator’s stock valued at $203,000 after acquiring an additional 15 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CMG. Oppenheimer restated an “outperform” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Wells Fargo & Company raised their target price on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Robert W. Baird increased their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, 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. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $65.27.

Insider Activity at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the 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 completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 shares were 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 approximately $26,115,436.20. This represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock valued at $1,866,023 over the last quarter. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Trading Up 3.4 %

CMG opened at $62.02 on Friday. The stock’s 50 day simple moving average is $58.45 and its 200-day simple moving average is $80.94. The stock has a market cap of $84.51 billion, a PE ratio of 57.73, a P/E/G ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 1 year low of $43.66 and a 1 year 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 the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

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.