Cerity Partners LLC Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cerity Partners LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.6% during the third quarter, Holdings Channel.com reports. The firm owned 571,738 shares of the restaurant operator’s stock after purchasing an additional 85,407 shares during the quarter. Cerity Partners LLC’s holdings in Chipotle Mexican Grill were worth $32,943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacific Center for Financial Services lifted its stake in shares of Chipotle Mexican Grill by 8.0% in the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after acquiring an additional 4 shares in the last quarter. SVB Wealth LLC lifted its holdings in Chipotle Mexican Grill by 3.7% in the first quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock worth $407,000 after acquiring an additional 5 shares during the last quarter. Semmax Financial Advisors Inc. boosted its position in Chipotle Mexican Grill by 225.0% during the 1st 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 during the period. B. Riley Wealth Advisors Inc. lifted its stake in Chipotle Mexican Grill by 2.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 633 shares of the restaurant operator’s stock valued at $1,840,000 after buying an additional 13 shares during the last quarter. Finally, Western Pacific Wealth Management LP boosted its holdings in shares of Chipotle Mexican Grill by 27.3% during the first quarter. Western Pacific Wealth Management LP now owns 70 shares of the restaurant operator’s stock valued at $203,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 3.4 %

Shares of NYSE:CMG opened at $62.01 on Monday. The company has a market cap of $84.49 billion, a price-to-earnings ratio of 57.95, a PEG ratio of 2.41 and a beta of 1.26. The business has a 50 day moving average price of $58.45 and a 200 day moving average price of $81.18. Chipotle Mexican Grill, Inc. has a twelve month low of $43.66 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Barclays raised their target price on 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. Robert W. Baird boosted their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Piper Sandler increased their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, TD Cowen increased their price target on 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 research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $65.27.

Insider Buying and Selling

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s 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 completion of the transaction, the director now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 3.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock valued at $1,866,023 over the last three months. 1.02% of the stock is owned by corporate insiders.

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.