Oppenheimer & Co. Inc. Reduces Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Oppenheimer & Co. Inc. lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 138,250 shares of the restaurant operator's stock after selling 10,160 shares during the period. Oppenheimer & Co. Inc.'s holdings in Chipotle Mexican Grill were worth $7,966,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its position in Chipotle Mexican Grill by 61.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 345,443 shares of the restaurant operator's stock valued at $19,904,000 after acquiring an additional 131,350 shares in the last quarter. Pinnacle Financial Partners Inc raised its stake in shares of Chipotle Mexican Grill by 4.0% in the third quarter. Pinnacle Financial Partners Inc now owns 181,481 shares of the restaurant operator's stock worth $10,457,000 after purchasing an additional 6,981 shares during the last quarter. Empower Advisory Group LLC lifted its holdings in shares of Chipotle Mexican Grill by 2.9% during the third quarter. Empower Advisory Group LLC now owns 1,907,852 shares of the restaurant operator's stock valued at $109,930,000 after purchasing an additional 53,081 shares in the last quarter. Dillon & Associates Inc. boosted its position in shares of Chipotle Mexican Grill by 22.1% during the third quarter. Dillon & Associates Inc. now owns 253,572 shares of the restaurant operator's stock valued at $14,707,000 after buying an additional 45,921 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in Chipotle Mexican Grill by 36.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 12,981 shares of the restaurant operator's stock worth $748,000 after buying an additional 3,481 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wedbush reaffirmed an "outperform" rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Robert W. Baird raised their target price 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. KeyCorp decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an "overweight" rating for the company in a research note on Thursday, July 25th. Loop Capital increased their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a "hold" rating in a report on Wednesday, October 30th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $64.47.

Insider Transactions at Chipotle Mexican Grill

In related 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 completion of the transaction, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. This trade represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm'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 value of $100,920.20. Following the completion of the sale, the director now directly owns 41,510 shares of the company's stock, valued at $2,340,333.80. The trade was a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Stock Performance

CMG traded up $0.64 during trading on Thursday, reaching $59.92. 7,516,372 shares of the company traded hands, compared to its average volume of 13,883,530. The company has a market cap of $81.64 billion, a P/E ratio of 56.15, a PEG ratio of 2.44 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 12-month low of $42.98 and a 12-month high of $69.26. The firm has a fifty day simple moving average of $57.78 and a 200 day simple moving average of $81.24.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $2.82 billion. During the same period last year, the company posted $0.23 earnings per share. Chipotle Mexican Grill's quarterly revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts expect 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.