Accurate Wealth Management LLC Makes New $2.79 Million Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Accurate Wealth Management LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 46,651 shares of the restaurant operator's stock, valued at approximately $2,790,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Steph & Co. bought a new position in Chipotle Mexican Grill in the first quarter valued at approximately $29,000. Semmax Financial Advisors Inc. grew its stake in shares of Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator's stock valued at $42,000 after buying an additional 9 shares in the last quarter. Crewe Advisors LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $44,000. Westside Investment Management Inc. acquired a new position in Chipotle Mexican Grill during the first quarter worth $58,000. Finally, Salem Investment Counselors Inc. raised its position in Chipotle Mexican Grill by 27.8% during the first quarter. Salem Investment Counselors Inc. now owns 23 shares of the restaurant operator's stock worth $67,000 after acquiring an additional 5 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Chipotle Mexican Grill from $69.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Stephens reaffirmed an "equal weight" rating and issued a $61.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Evercore ISI boosted their target price on Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an "outperform" rating in a report on Tuesday. KeyCorp dropped their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an "overweight" rating on the stock in a research note on Thursday, July 25th. Finally, StockNews.com cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Thursday, July 4th. 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, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average price target of $63.03.

Chipotle Mexican Grill Trading Up 0.9 %

CMG stock traded up $0.53 during mid-day trading on Friday, hitting $59.39. The stock had a trading volume of 5,863,721 shares, compared to its average volume of 14,055,930. The firm has a fifty day simple moving average of $56.13 and a 200 day simple moving average of $81.28. The firm has a market capitalization of $81.56 billion, a P/E ratio of 63.18, a P/E/G ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 52 week low of $35.97 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate 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 was up 18.2% on a year-over-year basis. During the same period in the previous year, the business earned $12.65 earnings per share. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Transactions 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 value of $898,537.50. Following the transaction, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the firm'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 owns 457,764 shares in the company, valued at $26,115,436.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,684 shares of company stock valued at $2,817,127. 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.