50,010 Shares of Chipotle Mexican Grill, Inc. $CMG Purchased by Blue Jean Financial LLC

Key Points

• Blue Jean Financial LLC purchased 50,010 Chipotle shares worth approximately $1.6 million during the third quarter. Institutional investors and hedge funds collectively own 91.30% of CMG.
• Chipotle reported quarterly revenue of $3.35 billion and earnings of $0.33 per share, slightly exceeding analyst expectations; revenue increased 9.3% year over year.
• CMG opened at $29.66, near its 52-week low of $28.03. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $43.59.

Blue Jean Financial LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 50,010 shares of the restaurant operator's stock, valued at approximately $1,598,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. EP Wealth Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the second quarter worth $948,000. Callan Family Office LLC acquired a new position in Chipotle Mexican Grill during the second quarter worth $1,406,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Chipotle Mexican Grill by 7,051.6% during 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 during 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, KMG Fiduciary Partners LLC grew its position in Chipotle Mexican Grill by 246.4% in the third quarter. KMG Fiduciary Partners LLC now owns 141,389 shares of the restaurant operator's stock valued at $4,517,000 after purchasing an additional 100,569 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $29.66 on Wednesday. The stock has a market cap of $37.53 billion, a P/E ratio of 26.89, a P/E/G ratio of 1.83 and a beta of 0.96. The company has a fifty day moving average price of $33.88 and a two-hundred day moving average price of $33.45. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $42.74.

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

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the company'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 value of $95,631.25. Following the sale, the insider owned 21,415 shares in the company, valued at $765,586.25. This represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent research reports. Morgan Stanley lifted their price target on shares of Chipotle Mexican Grill from $39.00 to $40.00 and gave the company an "equal weight" rating in a research note on Thursday, October 15th. UBS Group restated a "buy" rating on shares of Chipotle Mexican Grill in a research note on Friday, October 9th. JPMorgan Chase & Co. reduced their price objective on shares of Chipotle Mexican Grill from $40.00 to $37.00 and set an "overweight" rating for the company in a research note on Tuesday, September 29th. Stephens decreased their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Thursday, October 15th. Finally, Piper Sandler lowered their target price on Chipotle Mexican Grill from $42.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Twenty-two research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.59.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc NYSE: CMG operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.

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