X Square Capital LLC Has $2.86 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

X Square Capital LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,644 shares of the restaurant operator’s stock after purchasing an additional 4,313 shares during the period. Chipotle Mexican Grill makes up about 1.3% of X Square Capital LLC’s portfolio, making the stock its 27th biggest holding. X Square Capital LLC’s holdings in Chipotle Mexican Grill were worth $2,861,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $25,000. Riverview Trust Co increased its stake in 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 acquiring an additional 392 shares during the period. RiverPark Advisors LLC increased its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the period. Archer Investment Corp bought a new position in Chipotle Mexican Grill during the 2nd quarter worth $25,000. Finally, Oliver Lagore Vanvalin Investment Group increased its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Curtis E. Garner sold 15,750 shares of the company’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 value of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,684 shares of company stock valued at $2,817,127 over the last three months. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CMG shares. Stifel Nicolaus restated a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Guggenheim boosted their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Wedbush reissued an “outperform” rating and issued a $58.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, August 29th. Loop Capital dropped their price objective on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. Finally, Evercore ISI boosted their price objective on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.03.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $59.01 on Thursday. The stock has a 50 day moving average price of $56.52 and a two-hundred day moving average price of $81.32. The firm has a market capitalization of $81.04 billion, a P/E ratio of 62.78, a P/E/G ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 52 week low of $35.97 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted $12.65 EPS. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

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.