650 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Purchased by Truvestments Capital LLC

Truvestments Capital LLC purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 650 shares of the restaurant operator’s stock, valued at approximately $37,000.

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Chipotle Mexican Grill by 4,732.3% during the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after buying an additional 19,759,754 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Chipotle Mexican Grill by 5,209.5% during the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after acquiring an additional 10,729,706 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after acquiring an additional 10,139,174 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Chipotle Mexican Grill by 4,816.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after purchasing an additional 8,186,198 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Chipotle Mexican Grill by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock worth $472,505,000 after purchasing an additional 132,756 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CMG shares. Barclays raised their price objective on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Evercore ISI boosted their price target on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Stephens reaffirmed an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. TD Cowen boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler raised their price target 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. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $65.27.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the company’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 sale, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This represents a 3.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’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 completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 4.13 % 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 quarter. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Trading Down 1.1 %

NYSE CMG opened at $62.04 on Thursday. The stock has a fifty day simple moving average of $58.73 and a 200-day simple moving average of $81.01. The stock has a market cap of $84.53 billion, a PE ratio of 57.74, a P/E/G ratio of 2.49 and a beta of 1.26. 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 announced 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 company had revenue of $2.79 billion during 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%. Chipotle Mexican Grill’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

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.