Commerce Bank boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 12.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,054 shares of the restaurant operator's stock after buying an additional 9,754 shares during the quarter. Commerce Bank's holdings in Chipotle Mexican Grill were worth $4,958,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in CMG. Strategy Asset Managers LLC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter worth approximately $1,052,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth about $9,128,000. Premier Fund Managers Ltd acquired a new position in shares of Chipotle Mexican Grill during the third quarter valued at approximately $57,335,000. Parnassus Investments LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $964,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Chipotle Mexican Grill in the third quarter worth about $2,838,000. Hedge funds and other institutional investors own 91.31% of the company's stock.
Chipotle Mexican Grill stock opened at $60.01 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $43.66 and a 12 month high of $69.26. The stock has a market capitalization of $81.77 billion, a PE ratio of 55.85, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26. The business has a 50 day simple moving average of $58.33 and a 200-day simple moving average of $80.95.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted 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 return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the business earned $0.23 earnings per share. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.
In other news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated 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 in the company, valued at $2,340,333.80. This represents a 4.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. This trade represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is owned by insiders.
A number of equities analysts have weighed in on CMG shares. BMO Capital Markets boosted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. Wells Fargo & Company upped their price target on Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Royal Bank of Canada started coverage on shares of Chipotle Mexican Grill in a research note on Friday, November 15th. They issued an "outperform" rating and a $70.00 price objective for the company. Robert W. Baird boosted their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Barclays increased their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $65.27.
View Our Latest Analysis on CMG
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.
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