Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,082 shares of the restaurant operator’s stock after purchasing an additional 5,281 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Chipotle Mexican Grill were worth $2,137,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CMG. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Chipotle Mexican Grill in the second quarter worth $25,000. Riverview Trust Co boosted its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. RiverPark Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the period. Archer Investment Corp acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $25,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMG. Wells Fargo & Company boosted their price target on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday. Raymond James reduced 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 report on Thursday, July 25th. TD Cowen boosted their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday. KeyCorp reduced their price target on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $64.47.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated 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 in the company, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,684 shares of company stock valued at $2,817,127 in the last 90 days. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Trading Down 7.8 %

NYSE CMG opened at $55.76 on Thursday. The stock’s 50-day moving average price is $57.14 and its two-hundred day moving average price is $81.32. The company has a market cap of $76.36 billion, a PE ratio of 54.67, a PEG ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 1 year low of $38.01 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data 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 firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal 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.