9,390 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by Stiles Financial Services Inc

Stiles Financial Services Inc acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,390 shares of the restaurant operator’s stock, valued at approximately $541,000.

A number of other large investors have also recently bought and sold shares of the company. First National Bank of Hutchinson raised its position in Chipotle Mexican Grill by 1.1% during the first quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock valued at $1,099,000 after purchasing an additional 4 shares in the last quarter. Pacific Center for Financial Services raised its holdings in shares of Chipotle Mexican Grill by 8.0% during the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after buying an additional 4 shares in the last quarter. Verus Capital Partners LLC lifted its position in shares of Chipotle Mexican Grill by 1.2% during the 1st quarter. Verus Capital Partners LLC now owns 413 shares of the restaurant operator’s stock worth $1,200,000 after buying an additional 5 shares during the last quarter. PFG Advisors grew its position in Chipotle Mexican Grill by 3.8% in the first quarter. PFG Advisors now owns 136 shares of the restaurant operator’s stock valued at $396,000 after acquiring an additional 5 shares during the last quarter. Finally, Abbrea Capital LLC raised its stake in Chipotle Mexican Grill by 4.3% during the first quarter. Abbrea Capital LLC now owns 122 shares of the restaurant operator’s stock worth $355,000 after acquiring an additional 5 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 transaction of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Chipotle Mexican Grill news, 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 owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were 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 of the company’s stock, valued at $2,340,333.80. This represents 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 valued at $1,866,023 in the last 90 days. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $58.28 on Friday. The company has a market cap of $79.81 billion, a PE ratio of 54.18, a PEG ratio of 2.27 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a one year low of $41.72 and a one year high of $69.26. The firm has a 50-day moving average of $57.35 and a 200-day moving average of $81.28.

Chipotle Mexican Grill (NYSE:CMG) last announced 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. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Loop Capital boosted their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Robert W. Baird increased their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research 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 report on Wednesday, October 30th. Finally, Wedbush reiterated an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $64.47.

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.