Physicians Financial Services Inc. Invests $961,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Physicians Financial Services Inc. purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 16,680 shares of the restaurant operator’s stock, valued at approximately $961,000.

A number of other hedge funds have also recently modified their holdings of the business. First National Bank of Hutchinson lifted its position in shares of Chipotle Mexican Grill by 1.1% during the 1st quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock valued at $1,099,000 after buying an additional 4 shares in the last quarter. Pacific Center for Financial Services grew its position in shares of Chipotle Mexican Grill by 8.0% during the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after purchasing an additional 4 shares in the last quarter. PFG Advisors grew its holdings in Chipotle Mexican Grill by 3.8% during the 1st quarter. PFG Advisors now owns 136 shares of the restaurant operator’s stock valued at $396,000 after buying an additional 5 shares in the last quarter. Abbrea Capital LLC grew its holdings in shares of Chipotle Mexican Grill by 4.3% in the first quarter. Abbrea Capital LLC now owns 122 shares of the restaurant operator’s stock valued at $355,000 after purchasing an additional 5 shares in the last quarter. Finally, Verus Capital Partners LLC increased its holdings in shares of Chipotle Mexican Grill by 1.2% in the 1st quarter. Verus Capital Partners LLC now owns 413 shares of the restaurant operator’s stock worth $1,200,000 after buying an additional 5 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In related news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,290 shares of company stock worth $1,866,023. Company insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CMG. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group reduced their target price on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Raymond James dropped 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 research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $67.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $64.47.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded up $0.70 during trading hours on Friday, reaching $58.91. The company’s stock had a trading volume of 1,102,956 shares, compared to its average volume of 13,895,693. The stock has a 50 day moving average price of $57.35 and a two-hundred day moving average price of $81.28. The company has a market capitalization of $80.68 billion, a P/E ratio of 54.18, a price-to-earnings-growth ratio of 2.27 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 12 month low of $41.72 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal 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.