Brooklyn Investment Group Purchases 7,505 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Brooklyn Investment Group grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,873.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,659 shares of the restaurant operator’s stock after buying an additional 7,505 shares during the quarter. Brooklyn Investment Group’s holdings in Chipotle Mexican Grill were worth $441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Shellback Capital LP raised its stake in Chipotle Mexican Grill by 4,900.0% in 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 worth about $53,979,000. Optas LLC grew its holdings in Chipotle Mexican Grill by 318.5% in the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after purchasing an additional 13,060 shares during the period. L & S Advisors Inc purchased a new stake in Chipotle Mexican Grill in the third quarter worth about $3,256,000. Finally, Savvy Advisors Inc. purchased a new stake in Chipotle Mexican Grill in the third quarter worth about $758,000. 91.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated 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 transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. The trade was a 3.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill 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 sale, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 4.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,290 shares of company stock valued at $1,866,023. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG opened at $62.70 on Wednesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.66 and a fifty-two week high of $69.26. The stock has a market capitalization of $85.43 billion, a price-to-earnings ratio of 58.36, a PEG ratio of 2.49 and a beta of 1.26. The company has a fifty day moving average of $58.62 and a 200 day moving average of $81.14.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping 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 analysts’ expectations of $2.82 billion. During the same period last year, the company posted $0.23 EPS. The business’s revenue was up 13.0% on a year-over-year basis. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMG. Evercore ISI increased their price target on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Loop Capital increased their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Barclays increased their price target on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Truist Financial raised their target price on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.27.

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.