Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Rational Advisors LLC

Rational Advisors LLC lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,350 shares of the restaurant operator’s stock after selling 4,650 shares during the period. Rational Advisors LLC’s holdings in Chipotle Mexican Grill were worth $2,901,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Impax Asset Management Group plc purchased a new position in Chipotle Mexican Grill in the third quarter worth $17,155,000. PDS Planning Inc increased its stake in Chipotle Mexican Grill by 26.2% in the 3rd quarter. PDS Planning Inc now owns 5,994 shares of the restaurant operator’s stock valued at $345,000 after purchasing an additional 1,244 shares in the last quarter. Leeward Financial Partners LLC grew its holdings in Chipotle Mexican Grill by 38.2% in the third quarter. Leeward Financial Partners LLC now owns 7,669 shares of the restaurant operator’s stock valued at $442,000 after purchasing an additional 2,119 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Chipotle Mexican Grill by 190.6% in the 3rd quarter. QRG Capital Management Inc. now owns 51,393 shares of the restaurant operator’s stock worth $2,961,000 after buying an additional 33,705 shares in the last quarter. Finally, National Pension Service increased its holdings in Chipotle Mexican Grill by 13.7% during the 3rd quarter. National Pension Service now owns 3,598,737 shares of the restaurant operator’s stock valued at $207,359,000 after acquiring an additional 434,237 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMG. Barclays increased their target price 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. Robert W. Baird increased their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Raymond James dropped their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Citigroup decreased their target price on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their target price on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. 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 has an average rating of “Moderate Buy” and a consensus target price of $64.47.

Insider Buying and Selling

In related news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares in the company, valued at $26,115,436.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. 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 can be accessed through this link. Also, 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 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. Insiders have sold a total of 33,290 shares of company stock valued at $1,866,023 over the last three months. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 3.8 %

Shares of Chipotle Mexican Grill stock opened at $56.38 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $40.73 and a twelve month high of $69.26. The stock has a market capitalization of $77.21 billion, a price-to-earnings ratio of 52.48, a PEG ratio of 2.27 and a beta of 1.26. The business’s 50 day simple moving average is $57.31 and its 200-day simple moving average is $81.45.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the business earned $0.23 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current 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.