Infusive Asset Management Inc. Buys 44,281 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Infusive Asset Management Inc. increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 316.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 58,281 shares of the restaurant operator’s stock after purchasing an additional 44,281 shares during the quarter. Chipotle Mexican Grill makes up 1.4% of Infusive Asset Management Inc.’s investment portfolio, making the stock its 29th largest holding. Infusive Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $3,358,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in CMG. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $25,000. Riverview Trust Co increased its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the period. RiverPark Advisors LLC increased its position in Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. Archer Investment Corp bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $25,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the period. Institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill 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 transaction, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This trade represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,290 shares of company stock worth $1,866,023 in the last ninety days. 1.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CMG shares. Stephens reiterated an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, September 30th. Evercore ISI boosted their price target on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. BMO Capital Markets lifted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Barclays upped their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

Chipotle Mexican Grill Stock Down 1.1 %

Shares of CMG opened at $62.05 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $43.66 and a twelve month high of $69.26. The stock has a market cap of $84.55 billion, a PE ratio of 57.75, a P/E/G ratio of 2.50 and a beta of 1.26. The business’s 50-day moving average price is $58.81 and its 200-day moving average price is $80.88.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the prior year, the business earned $0.23 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% compared to the same quarter last year. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

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.