Qsemble Capital Management LP Purchases 69,277 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Qsemble Capital Management LP raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 619.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 80,461 shares of the restaurant operator’s stock after buying an additional 69,277 shares during the quarter. Chipotle Mexican Grill comprises about 0.9% of Qsemble Capital Management LP’s portfolio, making the stock its 22nd largest holding. Qsemble Capital Management LP’s holdings in Chipotle Mexican Grill were worth $4,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in shares of Chipotle Mexican Grill by 56.0% in the 3rd quarter. Bank of Montreal Can now owns 2,214,126 shares of the restaurant operator’s stock valued at $126,958,000 after purchasing an additional 795,128 shares in the last quarter. Private Trust Co. NA raised its stake in Chipotle Mexican Grill by 4.6% during the third quarter. Private Trust Co. NA now owns 12,346 shares of the restaurant operator’s stock worth $711,000 after acquiring an additional 546 shares in the last quarter. Hancock Whitney Corp lifted its holdings in shares of Chipotle Mexican Grill by 2.3% in the third quarter. Hancock Whitney Corp now owns 32,648 shares of the restaurant operator’s stock worth $1,881,000 after acquiring an additional 748 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $37,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Chipotle Mexican Grill by 5.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 5,308 shares of the restaurant operator’s stock valued at $306,000 after purchasing an additional 258 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock traded up $0.41 during trading hours on Monday, reaching $62.42. The company’s stock had a trading volume of 1,094,562 shares, compared to its average volume of 13,670,378. The stock’s fifty day simple moving average is $58.45 and its two-hundred day simple moving average is $81.18. The company has a market capitalization of $85.05 billion, a P/E ratio of 57.72, a P/E/G ratio of 2.49 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a one year low of $43.66 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the business earned $0.23 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s 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 completion of the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. This represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock worth $1,866,023 in the last quarter. 1.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CMG has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. BMO Capital Markets raised their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Barclays lifted 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 report on Wednesday, October 30th. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.27.

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.