Claro Advisors LLC Buys 2,644 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Claro Advisors LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 64.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,749 shares of the restaurant operator’s stock after acquiring an additional 2,644 shares during the quarter. Claro Advisors LLC’s holdings in Chipotle Mexican Grill were worth $389,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Shellback Capital LP boosted its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after purchasing an additional 122,500 shares during the period. Swedbank AB purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth $53,979,000. Optas LLC boosted its stake in Chipotle Mexican Grill by 318.5% during the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock valued at $989,000 after buying an additional 13,060 shares during the period. Savvy Advisors Inc. purchased a new position in Chipotle Mexican Grill during the third quarter worth about $758,000. Finally, Pathway Financial Advisers LLC grew its position in Chipotle Mexican Grill by 5,662.0% during the third quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock worth $498,000 after buying an additional 8,493 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, September 30th. Evercore ISI increased their target price on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Raymond James dropped their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Robert W. Baird lifted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, TD Cowen boosted their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $65.27.

Insiders Place Their Bets

In related news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction 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 transaction, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were 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 trade represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,290 shares of company stock valued at $1,866,023. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.4 %

NYSE:CMG opened at $58.84 on Tuesday. Chipotle Mexican Grill, Inc. has a 52 week low of $43.20 and a 52 week high of $69.26. The company’s 50 day moving average price is $58.11 and its 200-day moving average price is $81.28. The stock has a market cap of $80.17 billion, a price-to-earnings ratio of 54.77, a PEG ratio of 2.36 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm 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%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

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.