Geller Advisors LLC Buys 439 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Geller Advisors LLC lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,439 shares of the restaurant operator’s stock after acquiring an additional 439 shares during the period. Geller Advisors LLC’s holdings in Chipotle Mexican Grill were worth $256,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its holdings in Chipotle Mexican Grill by 6.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 788,893 shares of the restaurant operator’s stock valued at $45,456,000 after purchasing an additional 46,643 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Chipotle Mexican Grill by 64.2% during the 3rd quarter. MML Investors Services LLC now owns 352,551 shares of the restaurant operator’s stock worth $20,314,000 after buying an additional 137,811 shares during the period. Hodges Capital Management Inc. grew its stake in Chipotle Mexican Grill by 11.2% in the 3rd quarter. Hodges Capital Management Inc. now owns 11,510 shares of the restaurant operator’s stock valued at $663,000 after buying an additional 1,160 shares during the last quarter. XTX Topco Ltd raised its holdings in Chipotle Mexican Grill by 643.3% in the 3rd quarter. XTX Topco Ltd now owns 77,514 shares of the restaurant operator’s stock worth $4,466,000 after acquiring an additional 67,086 shares during the period. Finally, iA Global Asset Management Inc. bought a new position in Chipotle Mexican Grill in the 3rd quarter worth $494,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

CMG opened at $64.58 on Tuesday. The company has a fifty day moving average price of $59.55 and a two-hundred day moving average price of $81.11. The firm has a market capitalization of $88.00 billion, a PE ratio of 60.36, a P/E/G ratio of 2.63 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $44.08 and a 52 week 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 for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the company posted $0.23 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analyst Ratings Changes

CMG has been the topic of several research analyst reports. BMO Capital Markets raised their price target 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. TD Cowen raised their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stifel Nicolaus reiterated a “buy” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Evercore ISI increased their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Piper Sandler boosted their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $65.42.

Insider Buying and Selling

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction 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 completion of the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Monday, October 7th. The shares were 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. The trade was a 3.33 % 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.

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.