Chipotle Mexican Grill, Inc. $CMG Stake Increased by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners increased its Chipotle stake by 979.8% in the third quarter, ending with 77,063 shares valued at approximately $2.46 million. Other institutional investors also expanded their positions, with institutions collectively owning 91.3% of CMG.
• Analysts maintain a generally positive view of Chipotle, with a consensus rating of “Moderate Buy” and an average price target of $43.91. Twenty-three analysts rate the stock Buy, while ten recommend Hold.
• Chipotle reported quarterly revenue of $3.35 billion and earnings of $0.33 per share, narrowly exceeding consensus estimates, while revenue rose 9.3% year over year. Shares opened at $30.69, down 0.7%, and trade between a 12-month range of $28.03 to $42.81.

Venture Visionary Partners LLC boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 979.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,063 shares of the restaurant operator's stock after purchasing an additional 69,926 shares during the period. Venture Visionary Partners LLC's holdings in Chipotle Mexican Grill were worth $2,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of CMG. EP Wealth Advisors LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at $948,000. Callan Family Office LLC purchased a new stake in 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% 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 lifted its position in shares of 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 stake in shares of Chipotle Mexican Grill by 40.2% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator's stock valued at $9,138,000 after purchasing an additional 77,002 shares during the period. Hedge funds and other institutional investors own 91.30% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Sanford C. Bernstein restated an "outperform" rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Citigroup decreased their price objective on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating for the company in a report on Monday, July 13th. Seaport Research Partners assumed coverage on shares of Chipotle Mexican Grill in a research report on Wednesday, September 16th. They issued a "neutral" rating for the company. Stephens restated a "positive" rating and issued a $40.00 target price (up from $36.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Finally, Evercore reaffirmed an "outperform" rating and set a $47.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.91.

Chipotle Mexican Grill Trading Down 0.7%

Shares of Chipotle Mexican Grill stock opened at $30.69 on Thursday. The firm has a market cap 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 12 month low of $28.03 and a 12 month high of $42.81. The stock's fifty day moving average price is $34.61 and its 200-day moving average price is $33.55.

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, beating the consensus estimate 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 firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the company posted $0.33 earnings per share. The firm's quarterly revenue was up 9.3% on a year-over-year basis. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Matthew R. Bush sold 2,675 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the sale, the insider owned 21,415 shares in the company, valued at approximately $765,586.25. The trade was a 11.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.45% of the company's stock.

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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