Oppenheimer Asset Management Inc. Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Oppenheimer Asset Management Inc. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 61.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,443 shares of the restaurant operator’s stock after purchasing an additional 131,350 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $19,904,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pinnacle Financial Partners Inc grew its holdings in shares of Chipotle Mexican Grill by 4.0% in the third quarter. Pinnacle Financial Partners Inc now owns 181,481 shares of the restaurant operator’s stock valued at $10,457,000 after purchasing an additional 6,981 shares in the last quarter. Empower Advisory Group LLC raised its position in Chipotle Mexican Grill by 2.9% in the 3rd quarter. Empower Advisory Group LLC now owns 1,907,852 shares of the restaurant operator’s stock valued at $109,930,000 after purchasing an additional 53,081 shares during the last quarter. Dillon & Associates Inc. raised its position in Chipotle Mexican Grill by 22.1% in the 3rd quarter. Dillon & Associates Inc. now owns 253,572 shares of the restaurant operator’s stock valued at $14,707,000 after purchasing an additional 45,921 shares during the last quarter. Aptus Capital Advisors LLC raised its position in Chipotle Mexican Grill by 36.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 12,981 shares of the restaurant operator’s stock worth $748,000 after buying an additional 3,481 shares during the last quarter. Finally, First Heartland Consultants Inc. raised its position in Chipotle Mexican Grill by 1.2% during the 3rd quarter. First Heartland Consultants Inc. now owns 18,307 shares of the restaurant operator’s stock worth $1,055,000 after buying an additional 218 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Stephens reissued an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday. Oppenheimer restated an “outperform” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Raymond James dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. TD Cowen lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler lifted their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten 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, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $64.47.

Chipotle Mexican Grill Stock Up 0.6 %

NYSE:CMG traded up $0.35 during trading hours on Wednesday, reaching $60.84. The company had a trading volume of 1,393,268 shares, compared to its average volume of 13,874,014. The stock has a 50-day moving average of $57.66 and a two-hundred day moving average of $81.40. Chipotle Mexican Grill, Inc. has a one year low of $42.98 and a one year high of $69.26. The firm has a market capitalization of $82.90 billion, a PE ratio of 56.30, a PEG ratio of 2.39 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last issued 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. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred 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 owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction 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 transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is owned by corporate 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.