Lifestyle Asset Management Inc. Grows Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lifestyle Asset Management Inc. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,495 shares of the restaurant operator’s stock after purchasing an additional 245 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $317,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Semmax Financial Advisors Inc. grew its stake in Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 9 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $44,000. LRI Investments LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $168,000. Pacific Center for Financial Services grew its holdings in 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 valued at $157,000 after buying an additional 4 shares during the last quarter. Finally, Nwam LLC purchased a new position in Chipotle Mexican Grill during the first quarter worth $220,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’s 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 owns 457,764 shares in the company, valued at $26,115,436.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Curtis E. Garner sold 15,750 shares of the business’s 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Up 0.9 %

Shares of NYSE:CMG opened at $58.21 on Friday. The company has a market capitalization of $79.72 billion, a price-to-earnings ratio of 54.18, a price-to-earnings-growth ratio of 2.27 and a beta of 1.26. The company has a 50 day moving average of $57.35 and a two-hundred day moving average of $81.28. Chipotle Mexican Grill, Inc. has a 52-week low of $41.19 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion during 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 was up 13.0% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

CMG has been the topic of several recent research reports. Stephens reduced their price objective on Chipotle Mexican Grill from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Truist Financial lifted their price target 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. Piper Sandler upped 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. Finally, Raymond James lowered their target price on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.47.

Chipotle Mexican Grill 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.