GLOBALT Investments LLC GA Purchases 30,761 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

GLOBALT Investments LLC GA grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 127.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,928 shares of the restaurant operator's stock after acquiring an additional 30,761 shares during the period. GLOBALT Investments LLC GA's holdings in Chipotle Mexican Grill were worth $3,165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Shellback Capital LP raised its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator's stock worth $7,831,000 after purchasing an additional 122,500 shares during the last quarter. Swedbank AB acquired a new stake in Chipotle Mexican Grill in the 1st quarter valued at $53,979,000. Optas LLC increased its holdings in Chipotle Mexican Grill by 318.5% in the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator's stock valued at $989,000 after purchasing an additional 13,060 shares in the last quarter. Savvy Advisors Inc. acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $758,000. Finally, Pathway Financial Advisers LLC increased its holdings in Chipotle Mexican Grill by 5,662.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator's stock valued at $498,000 after purchasing an additional 8,493 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Stephens restated an "equal weight" rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Wedbush reaffirmed an "outperform" rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. KeyCorp reduced 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 research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Finally, Barclays increased their price target on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $65.27.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded up $0.40 on Monday, hitting $59.03. 2,798,408 shares of the company were exchanged, compared to its average volume of 13,801,211. The company's 50 day moving average price is $58.02 and its two-hundred day moving average price is $81.31. Chipotle Mexican Grill, Inc. has a one year low of $43.20 and a one year high of $69.26. The firm has a market capitalization of $80.43 billion, a price-to-earnings ratio of 54.89, a PEG ratio of 2.36 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) 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. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. The business's revenue was up 13.0% compared to the same quarter last year. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, 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 directly owns 457,764 shares of the company's stock, valued at $26,115,436.20. The trade was a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction 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 sale, the director now directly owns 41,510 shares of the company's stock, valued at $2,340,333.80. This represents a 4.13 % 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 worth $1,866,023 over the last ninety days. 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.