20,986 Shares in Chipotle Mexican Grill, Inc. $CMG Acquired by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,986 shares of the restaurant operator’s stock, valued at approximately $671,000.

Several other institutional investors and hedge funds have also bought and sold shares of CMG. Pension & Wealth Management Advisors Inc. acquired a new position in Chipotle Mexican Grill in the 3rd quarter worth about $99,000. Howard Capital Management LLC increased its stake in shares of Chipotle Mexican Grill by 198.4% in the 3rd quarter. Howard Capital Management LLC now owns 25,326 shares of the restaurant operator’s stock valued at $809,000 after buying an additional 16,840 shares during the period. Goelzer Investment Management Inc. grew its stake in shares of Chipotle Mexican Grill by 837.3% during the third quarter. Goelzer Investment Management Inc. now owns 56,235 shares of the restaurant operator’s stock worth $1,797,000 after purchasing an additional 50,235 shares during the period. NFSG Corp lifted its holdings in Chipotle Mexican Grill by 294.0% during the third quarter. NFSG Corp now owns 15,642 shares of the restaurant operator’s stock worth $500,000 after acquiring an additional 11,672 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Chipotle Mexican Grill by 3.6% in the third quarter. V Square Quantitative Management LLC now owns 30,609 shares of the restaurant operator’s stock valued at $978,000 after acquiring an additional 1,073 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 9.1%

Shares of NYSE CMG traded up $2.60 during trading hours on Thursday, hitting $31.33. 42,432,740 shares of the stock were exchanged, compared to its average volume of 18,084,094. The firm has a fifty day moving average price of $33.20 and a 200-day moving average price of $34.21. The company has a market cap of $39.65 billion, a PE ratio of 28.74, a PEG ratio of 1.67 and a beta of 0.96. Chipotle Mexican Grill, Inc. has a 12 month low of $27.31 and a 12 month high of $41.42.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the business posted $0.29 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Matthew R. Bush sold 2,675 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the transaction, the insider directly owned 21,415 shares of the company’s stock, valued at $765,586.25. This represents a 11.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.45% of the company’s stock.

Trending Headlines about Chipotle Mexican Grill

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Third-quarter revenue rose 9.6% to $3.29 billion, in line with expectations, while comparable-restaurant sales increased 2.1% and transactions grew for the third consecutive quarter. Value offers and limited-time menu items helped attract diners. Chipotle beats quarterly sales expectations on resilient demand
• Positive Sentiment: Investors responded favorably to signs of a traffic recovery following earlier food-safety concerns. New menu launches, refreshed loyalty benefits and plans to accelerate technology and menu innovation are supporting the turnaround. Chipotle Sales Beat as New Chicken, Chips Bring Diners Back
• Positive Sentiment: Chipotle opened 84 company-owned restaurants during the quarter, and its loyalty program surpassed 24 million members, providing additional long-term growth and customer-engagement potential. Chipotle: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts maintained bullish ratings, including DA Davidson and BTIG Research at $45 targets and Oppenheimer at a $51 target, implying substantial upside based on the supplied reference price. Oppenheimer analyst rating
• Neutral Sentiment: Analyst opinion remains mixed: Citigroup kept a Buy rating while cutting its target to $41, whereas BNP Paribas Exane retained Neutral and reduced its target to $36. Bernstein also lowered its target to $43 from $50. Citigroup price target
• Negative Sentiment: Adjusted earnings were $0.27 per share, below the $0.29 consensus and last year’s $0.29, as higher operating costs, beef prices and increased protein usage pressured margins. Chipotle Q3 earnings miss estimates
• Negative Sentiment: Management’s outlook calls for only modestly higher sales, leaving investors dependent on the fourth-quarter brisket launch, continued traffic gains and successful cost management to sustain the recovery. The rest of Chipotle’s year hinges on brisket

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. BTIG Research reissued a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday. Evercore reiterated an “outperform” rating and set a $47.00 price target (up from $45.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Citigroup cut their target price on Chipotle Mexican Grill from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $40.00 price target (down from $45.00) on shares of Chipotle Mexican Grill in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Chipotle Mexican Grill from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, October 21st. Twenty-seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $42.47.

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.