Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,505 shares of the restaurant operator’s stock after acquiring an additional 305 shares during the period. Argus Investors Counsel Inc.’s holdings in Chipotle Mexican Grill were worth $432,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. raised its position in shares of Chipotle Mexican Grill by 2.8% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 390,384 shares of the restaurant operator’s stock valued at $22,490,000 after buying an additional 10,570 shares during the last quarter. Whittier Trust Co. raised its position in shares of Chipotle Mexican Grill by 3.2% in the third quarter. Whittier Trust Co. now owns 954,584 shares of the restaurant operator’s stock valued at $54,993,000 after buying an additional 29,931 shares during the last quarter. Western Financial Corp CA raised its position in shares of Chipotle Mexican Grill by 3.8% in the third quarter. Western Financial Corp CA now owns 32,825 shares of the restaurant operator’s stock valued at $1,891,000 after buying an additional 1,209 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at approximately $138,000. Finally, Everence Capital Management Inc. raised its position in shares of Chipotle Mexican Grill by 4,900.0% in the third quarter. Everence Capital Management Inc. now owns 45,350 shares of the restaurant operator’s stock valued at $2,613,000 after buying an additional 44,443 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent analyst reports. Guggenheim boosted their target price on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Stifel Nicolaus restated a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Raymond James decreased their target price 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. BMO Capital Markets decreased their target price on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group cut their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.03.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,684 shares of company stock valued at $2,817,127. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Price Performance

CMG traded down $0.10 during midday trading on Tuesday, hitting $59.60. 1,682,230 shares of the company’s stock traded hands, compared to its average volume of 13,957,895. The company has a market cap of $81.85 billion, a PE ratio of 63.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The stock’s fifty day simple moving average is $56.21 and its 200-day simple moving average is $81.46. Chipotle Mexican Grill, Inc. has a one year low of $35.97 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm 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 company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned $12.65 earnings per share. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Chipotle Mexican Grill 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.