240,318 Chipotle Mexican Grill, Inc. $CMG Shares Bought by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB increased its Chipotle stake by 7,051.6% in the third quarter, purchasing 240,318 additional shares and bringing its holdings to 243,726 shares valued at approximately $7.79 million.
• Institutional investors own 91.30% of Chipotle, while an insider separately sold 2,675 shares worth $95,631.25, reducing his ownership by 11.10%.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $43.91; recent targets range from $40 to $53.

MassMutual Private Wealth & Trust FSB boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 7,051.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,726 shares of the restaurant operator's stock after purchasing an additional 240,318 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Chipotle Mexican Grill were worth $7,787,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MV Capital Management Inc. bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at $26,000. Osbon Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at $28,000. Meeder Asset Management Inc. bought a new stake in Chipotle Mexican Grill in the 2nd quarter worth $27,000. Kelleher Financial Advisors purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at about $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at about $28,000. Institutional investors own 91.30% of the company's stock.

Insider Buying and Selling

In other news, insider Matthew R. Bush sold 2,675 shares of the company's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the transaction, the insider owned 21,415 shares in the company, valued at approximately $765,586.25. This represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Bank of America reiterated a "buy" rating and set a $53.00 target price (up from $50.00) on shares of Chipotle Mexican Grill in a report on Tuesday, September 1st. Mizuho restated an "outperform" rating and set a $43.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, September 1st. Robert W. Baird reaffirmed a "neutral" rating and set a $40.00 price target (down from $44.00) on shares of Chipotle Mexican Grill in a research report on Monday, August 24th. DA Davidson increased their price objective on Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Finally, Evercore reiterated an "outperform" rating and issued a $47.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.91.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $32.44 on Monday. The company's 50-day simple moving average is $34.79 and its 200 day simple moving average is $33.61. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $42.81. The firm has a market capitalization of $41.04 billion, a P/E ratio of 29.76, a PEG ratio of 1.98 and a beta of 0.96.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the company earned $0.33 EPS. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that specializes in Mexican-inspired food made with a limited number of core ingredients. Its menu includes burritos, burrito bowls, tacos, quesadillas, salads and sides, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company also offers beverages, including soft drinks and other drinks, and allows customers to customize meals.

Founded by Steve Ells in 1993, Chipotle operates company-owned restaurants under the Chipotle Mexican Grill brand.

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.