Net Worth Advisory Group Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Net Worth Advisory Group bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 10,805 shares of the restaurant operator’s stock, valued at approximately $623,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. grew its holdings in shares of Chipotle Mexican Grill by 16.2% during the third quarter. Stratos Wealth Partners LTD. now owns 169,132 shares of the restaurant operator’s stock valued at $9,745,000 after buying an additional 23,570 shares during the last quarter. Richard W. Paul & Associates LLC grew its stake in Chipotle Mexican Grill by 9.1% during the 3rd quarter. Richard W. Paul & Associates LLC now owns 19,156 shares of the restaurant operator’s stock valued at $1,104,000 after purchasing an additional 1,592 shares during the last quarter. Strategic Advocates LLC acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at about $2,185,000. Aaron Wealth Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 32.9% during the third quarter. Aaron Wealth Advisors LLC now owns 9,703 shares of the restaurant operator’s stock worth $559,000 after purchasing an additional 2,403 shares during the period. Finally, Stonegate Investment Group LLC boosted its position in Chipotle Mexican Grill by 21.8% in the third quarter. Stonegate Investment Group LLC now owns 11,252 shares of the restaurant operator’s stock valued at $648,000 after buying an additional 2,012 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $59.39 on Friday. The stock’s 50 day moving average price is $56.13 and its 200 day moving average price is $81.28. Chipotle Mexican Grill, Inc. has a 1-year low of $35.97 and a 1-year high of $69.26. The company has a market cap of $81.56 billion, a PE ratio of 63.18, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm earned $12.65 EPS. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CMG shares. Raymond James reduced their price target on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research report on Thursday, July 25th. KeyCorp lowered their price target on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Robert W. Baird lowered their target price on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Finally, Oppenheimer restated an “outperform” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, September 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.03.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the sale, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. This represents a 0.00 % 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 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 sale, the insider now owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,684 shares of company stock valued at $2,817,127. Corporate insiders own 1.02% of the company’s stock.

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.