39,453 Shares of Chipotle Mexican Grill, Inc. $CMG Bought by Cox Capital Mgt LLC

Key Points

• Cox Capital Management acquired 39,453 Chipotle shares worth approximately $1.26 million in the third quarter. Other institutions also increased their positions, and institutional investors collectively own 91.3% of CMG.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $43.91; 23 analysts rate the stock a Buy and 10 rate it a Hold.
• Chipotle shares recently fell 0.7% to $30.69, while the company reported quarterly EPS of $0.33 and revenue of $3.35 billion, exceeding estimates and marking 9.3% year-over-year revenue growth.

Cox Capital Mgt LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 39,453 shares of the restaurant operator's stock, valued at approximately $1,261,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. EP Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $948,000. Callan Family Office LLC bought a new stake in shares of Chipotle Mexican Grill in the second quarter worth $1,406,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Chipotle Mexican Grill by 7,051.6% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 243,726 shares of the restaurant operator's stock worth $7,787,000 after purchasing an additional 240,318 shares in the last quarter. Park National Corp OH boosted its holdings in Chipotle Mexican Grill by 442.1% during the third quarter. Park National Corp OH now owns 309,327 shares of the restaurant operator's stock worth $9,883,000 after purchasing an additional 252,265 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in Chipotle Mexican Grill by 40.2% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator's stock worth $9,138,000 after purchasing an additional 77,002 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CMG. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 7th. Guggenheim restated a "neutral" rating and set a $36.00 price objective (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. JPMorgan Chase & Co. decreased their price objective on Chipotle Mexican Grill from $40.00 to $37.00 and set an "overweight" rating for the company in a report on Tuesday, September 29th. UBS Group reaffirmed a "buy" rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.91.

Insider Activity

In other news, insider Matthew R. Bush sold 2,675 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the sale, the insider owned 21,415 shares in the company, valued at $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.45% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Down 0.7%

Shares of NYSE CMG traded down $0.21 during mid-day trading on Wednesday, reaching $30.69. 12,812,816 shares of the company were exchanged, compared to its average volume of 17,398,629. The company's 50-day simple moving average is $34.61 and its 200-day simple moving average is $33.55. The stock has a market capitalization of $38.84 billion, a P/E ratio of 28.16, a P/E/G ratio of 1.89 and a beta of 0.96. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $42.81.

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

Chipotle Mexican Grill Company Profile

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.

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