Sunbelt Securities Inc. Buys 3,182 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sunbelt Securities Inc. grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 34.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,332 shares of the restaurant operator’s stock after acquiring an additional 3,182 shares during the period. Sunbelt Securities Inc.’s holdings in Chipotle Mexican Grill were worth $711,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CMG. RiverPark Advisors LLC boosted its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the period. Archer Investment Corp bought a new stake in shares of Chipotle Mexican Grill in the second quarter worth $25,000. Oliver Lagore Vanvalin Investment Group grew its stake in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at $27,000. Finally, MCF Advisors LLC raised its position in Chipotle Mexican Grill by 5,525.0% during the 2nd quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 442 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMG has been the topic of a number of analyst reports. Piper Sandler upped their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Loop Capital upped their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Oppenheimer reissued an “outperform” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Royal Bank of Canada began coverage on shares of Chipotle Mexican Grill in a research report on Friday, November 15th. They issued an “outperform” rating and a $70.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.71.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on 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 directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $66.18 on Friday. The business has a 50-day simple moving average of $59.86 and a two-hundred day simple moving average of $81.02. The company has a market capitalization of $90.18 billion, a P/E ratio of 61.85, a price-to-earnings-growth ratio of 2.63 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $44.08 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results 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 return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. Chipotle Mexican Grill’s revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts forecast 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.