Strategy Asset Managers LLC Invests $1.05 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Strategy Asset Managers LLC bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,258 shares of the restaurant operator's stock, valued at approximately $1,052,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shellback Capital LP grew its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator's stock worth $7,831,000 after buying an additional 122,500 shares in the last quarter. Swedbank AB purchased a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $53,979,000. Optas LLC grew its stake in Chipotle Mexican Grill by 318.5% in the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator's stock worth $989,000 after buying an additional 13,060 shares in the last quarter. Savvy Advisors Inc. bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth $758,000. Finally, Pathway Financial Advisers LLC increased its holdings in shares of 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 worth $498,000 after buying an additional 8,493 shares during the last quarter. Institutional investors own 91.31% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CMG shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Royal Bank of Canada started coverage on Chipotle Mexican Grill in a report on Friday, November 15th. They set an "outperform" rating and a $70.00 price objective on the stock. Evercore ISI upped their target price on Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 15th. Stifel Nicolaus reissued a "buy" rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, Barclays upped their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average target price of $65.27.

Chipotle Mexican Grill Stock Down 0.4 %

Shares of NYSE:CMG traded down $0.22 on Wednesday, hitting $58.51. 3,087,578 shares of the company traded hands, compared to its average volume of 13,749,176. The stock has a 50 day simple moving average of $58.20 and a 200-day simple moving average of $81.25. The company has a market cap of $79.73 billion, a PE ratio of 54.91, a PEG ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 52 week low of $43.66 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the business earned $0.23 EPS. Chipotle Mexican Grill's revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the company's stock in a transaction dated 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 sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Curtis E. Garner sold 15,750 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the sale, the insider now owns 473,514 shares of the company's stock, valued at $26,052,740.28. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is owned by corporate insiders.

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.