D.A. Davidson & CO. Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

D.A. Davidson & CO. boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,635 shares of the restaurant operator’s stock after buying an additional 2,267 shares during the period. D.A. Davidson & CO.’s holdings in Chipotle Mexican Grill were worth $5,453,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. B. Riley Wealth Advisors Inc. raised its stake in Chipotle Mexican Grill by 2.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 633 shares of the restaurant operator’s stock worth $1,840,000 after purchasing an additional 13 shares during the period. Tidal Investments LLC increased its holdings in shares of Chipotle Mexican Grill by 32.4% during the 1st quarter. Tidal Investments LLC now owns 1,634 shares of the restaurant operator’s stock worth $4,763,000 after buying an additional 400 shares during the last quarter. Jaffetilchin Investment Partners LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $305,000. LRI Investments LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $168,000. Finally, Swedbank AB acquired a new position in Chipotle Mexican Grill in the first quarter valued at approximately $53,979,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $62.04 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $43.66 and a 12 month high of $69.26. The firm has a market capitalization of $84.53 billion, a P/E ratio of 57.74, a P/E/G ratio of 2.49 and a beta of 1.26. The company’s fifty day moving average price is $58.73 and its 200 day moving average price is $81.01.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS 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 for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the company posted $0.23 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,290 shares of company stock worth $1,866,023 in the last quarter. Company insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Wedbush reissued an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Evercore ISI upped their target price on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Loop Capital lifted their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler boosted their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. 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.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average 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.