Denver PWM LLC Sells 1,000 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Denver PWM LLC trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 48.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,050 shares of the restaurant operator’s stock after selling 1,000 shares during the quarter. Denver PWM LLC’s holdings in Chipotle Mexican Grill were worth $61,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. RiverPark Advisors LLC raised its holdings 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 in the last quarter. Archer Investment Corp purchased a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $25,000. Oliver Lagore Vanvalin Investment Group boosted its stake in 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 valued at $25,000 after acquiring an additional 392 shares in the last quarter. Chilton Capital Management LLC purchased a new position in Chipotle Mexican Grill in the second quarter worth $27,000. Finally, MCF Advisors LLC increased its position in shares of Chipotle Mexican Grill by 5,525.0% during the second quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 442 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Up 0.9 %

CMG opened at $66.18 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $44.08 and a 52-week high of $69.26. The company has a market cap of $90.18 billion, a price-to-earnings ratio of 61.60, a PEG ratio of 2.64 and a beta of 1.27. The firm’s fifty day simple moving average is $60.05 and its two-hundred day simple moving average is $80.92.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the business posted $0.23 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on CMG. Citigroup dropped their target price on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. BMO Capital Markets lifted their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada initiated coverage on shares of Chipotle Mexican Grill in a report on Friday, November 15th. They issued an “outperform” rating and a $70.00 price target for the company. Wedbush reissued an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Finally, Robert W. Baird raised their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.71.

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.