Semus Wealth Partners LLC Invests $530,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Semus Wealth Partners LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,202 shares of the restaurant operator’s stock, valued at approximately $530,000.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Chipotle Mexican Grill in the second quarter worth $25,000. Riverview Trust Co grew its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. RiverPark Advisors LLC grew its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. Archer Investment Corp acquired a new stake in Chipotle Mexican Grill in the second quarter worth $25,000. Finally, Oliver Lagore Vanvalin Investment Group grew its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMG has been the subject of a number of research reports. Royal Bank of Canada initiated coverage on shares of Chipotle Mexican Grill in a report on Friday. They issued an “outperform” rating and a $70.00 price target for the company. Stephens reiterated an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. BMO Capital Markets lifted their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Robert W. Baird lifted their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Loop Capital lifted their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.27.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the business’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 transaction of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. The trade was a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,290 shares of company stock worth $1,866,023 over the last quarter. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $58.72 on Monday. The firm has a market cap of $80.01 billion, a price-to-earnings ratio of 54.57, a P/E/G ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 52 week low of $43.20 and a 52 week high of $69.26. The firm’s 50-day simple moving average is $58.02 and its two-hundred day simple moving average is $81.31.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. Analysts forecast 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.