Lake Street Advisors Group LLC Acquires 3,676 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lake Street Advisors Group LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 30.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,807 shares of the restaurant operator’s stock after buying an additional 3,676 shares during the period. Lake Street Advisors Group LLC’s holdings in Chipotle Mexican Grill were worth $911,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Semmax Financial Advisors Inc. boosted its stake in shares of Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 9 shares in the last quarter. Crewe Advisors LLC acquired a new stake in Chipotle Mexican Grill during the first quarter valued at $44,000. Westside Investment Management Inc. acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $58,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $78,000. Finally, Register Financial Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $102,000. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of recent research reports. Oppenheimer restated an “outperform” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Guggenheim boosted their price target on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Evercore ISI lifted their price objective on shares of 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 lowered 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 report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.03.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred 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 owns 473,514 shares in the company, valued at $26,052,740.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last three months, insiders sold 50,684 shares of company stock valued at $2,817,127. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Price Performance

CMG stock opened at $59.44 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $35.97 and a 1-year high of $69.26. The firm has a fifty day moving average price of $56.63 and a two-hundred day moving average price of $81.17. The firm has a market cap of $81.63 billion, a price-to-earnings ratio of 63.23, a PEG ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the firm posted $12.65 EPS. Chipotle Mexican Grill’s revenue was up 18.2% compared to the same quarter last year. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

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.