Townsquare Capital LLC Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Townsquare Capital LLC grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,253 shares of the restaurant operator’s stock after buying an additional 1,338 shares during the period. Townsquare Capital LLC’s holdings in Chipotle Mexican Grill were worth $1,513,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Transamerica Financial Advisors Inc. purchased a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $4,177,000. Brooklyn Investment Group boosted its stake in shares of Chipotle Mexican Grill by 4,873.4% during the 3rd quarter. Brooklyn Investment Group now owns 7,659 shares of the restaurant operator’s stock worth $441,000 after purchasing an additional 7,505 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Chipotle Mexican Grill by 2,699.5% during the 3rd quarter. Quantbot Technologies LP now owns 243,444 shares of the restaurant operator’s stock worth $14,027,000 after purchasing an additional 234,748 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Chipotle Mexican Grill by 2.5% during the third quarter. D.A. Davidson & CO. now owns 94,635 shares of the restaurant operator’s stock worth $5,453,000 after buying an additional 2,267 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Chipotle Mexican Grill by 10.8% during the third quarter. The Manufacturers Life Insurance Company now owns 1,451,977 shares of the restaurant operator’s stock valued at $83,663,000 after buying an additional 140,975 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the 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 transaction, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This trade represents a 3.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,290 shares of company stock worth $1,866,023. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.9 %

Chipotle Mexican Grill stock opened at $61.52 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $43.66 and a 52 week high of $69.26. The stock has a market cap of $83.83 billion, a P/E ratio of 57.50, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. The stock has a 50 day moving average of $58.89 and a 200-day moving average of $81.11.

Chipotle Mexican Grill (NYSE:CMG) last announced 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. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CMG. 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. Piper Sandler upped their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Wedbush restated an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. TD Cowen increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Stephens restated an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.27.

Chipotle Mexican Grill Company 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.