Cynosure Group LLC Invests $380,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cynosure Group LLC bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,595 shares of the restaurant operator’s stock, valued at approximately $380,000.

A number of other large investors have also recently added to or reduced their stakes in CMG. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Chipotle Mexican Grill during the second quarter worth approximately $25,000. Riverview Trust Co boosted its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the period. RiverPark Advisors LLC grew its stake in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the last quarter. Archer Investment Corp acquired a new position in Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Finally, Oliver Lagore Vanvalin Investment Group increased its stake in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,290 shares of company stock worth $1,866,023. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $62.05 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $43.66 and a one year high of $69.26. The company has a 50-day simple moving average of $58.81 and a two-hundred day simple moving average of $80.88. The firm has a market capitalization of $84.55 billion, a PE ratio of 57.99, a price-to-earnings-growth ratio of 2.49 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 analysts’ consensus estimates 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%. Chipotle Mexican Grill’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. BMO Capital Markets boosted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their target price 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. Evercore ISI boosted their price target on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, Truist Financial raised their price objective on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $65.27.

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.