442 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by Alps Advisors Inc.

Alps Advisors Inc. acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 442 shares of the restaurant operator’s stock, valued at approximately $371,000.

Several other hedge funds have also modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. raised its position in Chipotle Mexican Grill by 1.7% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 883 shares of the restaurant operator’s stock valued at $647,000 after purchasing an additional 15 shares in the last quarter. Commonwealth Bank of Australia raised its position in Chipotle Mexican Grill by 77.3% during the second quarter. Commonwealth Bank of Australia now owns 39 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 17 shares in the last quarter. BB&T Securities LLC raised its position in Chipotle Mexican Grill by 3.7% during the second quarter. BB&T Securities LLC now owns 506 shares of the restaurant operator’s stock valued at $370,000 after purchasing an additional 18 shares in the last quarter. OLD National Bancorp IN raised its position in Chipotle Mexican Grill by 3.6% during the third quarter. OLD National Bancorp IN now owns 518 shares of the restaurant operator’s stock valued at $435,000 after purchasing an additional 18 shares in the last quarter. Finally, World Asset Management Inc raised its position in Chipotle Mexican Grill by 1.1% during the second quarter. World Asset Management Inc now owns 1,816 shares of the restaurant operator’s stock valued at $1,331,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 91.96% of the company’s stock.

NYSE CMG opened at $753.30 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.51 and a quick ratio of 1.47. The stock has a market capitalization of $20.34 billion, a PE ratio of 83.15, a PEG ratio of 2.71 and a beta of 0.70. Chipotle Mexican Grill, Inc. has a 1 year low of $383.20 and a 1 year high of $857.90. The business’s 50-day moving average is $799.46 and its 200 day moving average is $765.66.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 22nd. The restaurant operator reported $3.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.13 by $0.69. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Chipotle Mexican Grill had a return on equity of 23.97% and a net margin of 5.77%. Chipotle Mexican Grill’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm earned $2.16 earnings per share. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 13.73 earnings per share for the current year.

A number of equities research analysts have weighed in on CMG shares. BTIG Research raised their price target on Chipotle Mexican Grill from $845.00 to $890.00 and gave the company a “buy” rating in a research report on Monday, October 21st. They noted that the move was a valuation call. Morgan Stanley restated a “hold” rating and set a $797.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, October 23rd. Bank of America upgraded Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and raised their price target for the company from $590.00 to $850.00 in a research report on Friday, October 18th. Stifel Nicolaus upgraded Chipotle Mexican Grill to a “hold” rating and set a $755.00 price target on the stock in a research report on Wednesday, July 24th. Finally, ValuEngine downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $779.03.

In related news, CEO Brian R. Niccol sold 716 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $778.26, for a total value of $557,234.16. Following the sale, the chief executive officer now directly owns 26,634 shares of the company’s stock, valued at $20,728,176.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 1,938 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $824.90, for a total value of $1,598,656.20. Following the completion of the sale, the chief executive officer now directly owns 28,542 shares in the company, valued at $23,544,295.80. The disclosure for this sale can be found here. Insiders sold 47,526 shares of company stock worth $39,109,343 over the last three months. 2.21% of the stock is owned by insiders.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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