Empirical Finance LLC Has $2.72 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Empirical Finance LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,275 shares of the restaurant operator’s stock after buying an additional 1,030 shares during the period. Empirical Finance LLC’s holdings in Chipotle Mexican Grill were worth $2,724,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Semmax Financial Advisors Inc. raised its stake in shares of Chipotle Mexican Grill by 225.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares in the last quarter. Crewe Advisors LLC bought a new stake in Chipotle Mexican Grill during the first quarter worth $44,000. LRI Investments LLC acquired a new stake in Chipotle Mexican Grill in the first quarter valued at $168,000. Pacific Center for Financial Services grew its position in shares of Chipotle Mexican Grill by 8.0% in the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after acquiring an additional 4 shares during the period. Finally, Nwam LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $220,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of a number of research analyst reports. Oppenheimer reiterated an “outperform” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Robert W. Baird boosted their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler raised their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Guggenheim upped their price objective 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. Finally, Raymond James decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.27.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated 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 sale, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. 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 ninety days. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Trading Down 1.3 %

Shares of CMG stock opened at $59.14 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $43.10 and a 12 month high of $69.26. The business’s 50-day moving average price is $57.78 and its 200-day moving average price is $81.24. The firm has a market capitalization of $80.58 billion, a price-to-earnings ratio of 55.77, a PEG ratio of 2.39 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 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 43.20% and a net margin of 13.51%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal 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.