Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,569 shares of the restaurant operator’s stock after selling 3,031 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $1,070,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Sigma Planning Corp increased its holdings in shares of Chipotle Mexican Grill by 33.2% in the third quarter. Sigma Planning Corp now owns 40,677 shares of the restaurant operator’s stock valued at $2,344,000 after buying an additional 10,137 shares in the last quarter. Transcendent Capital Group LLC increased its holdings in shares of Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares in the last quarter. Covestor Ltd increased its holdings in shares of Chipotle Mexican Grill by 6.5% in the third quarter. Covestor Ltd now owns 4,167 shares of the restaurant operator’s stock valued at $240,000 after buying an additional 253 shares in the last quarter. 17 Capital Partners LLC increased its holdings in shares of Chipotle Mexican Grill by 2.8% in the third quarter. 17 Capital Partners LLC now owns 14,242 shares of the restaurant operator’s stock valued at $821,000 after buying an additional 392 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC increased its holdings in shares of Chipotle Mexican Grill by 39.7% in the third quarter. Sustainable Insight Capital Management LLC now owns 88,300 shares of the restaurant operator’s stock valued at $5,088,000 after buying an additional 25,100 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $60.49 on Wednesday. The firm has a market cap of $82.42 billion, a price-to-earnings ratio of 56.28, a P/E/G ratio of 2.37 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $69.26. The firm has a fifty day moving average price of $57.52 and a two-hundred day moving average price of $81.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on CMG shares. Truist Financial upped their price target on Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays lifted their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Raymond James lowered their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Oppenheimer reiterated an “outperform” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Finally, Evercore ISI lifted their price objective on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.47.

Insider Activity

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, the insider now directly owns 457,764 shares in the company, valued at $26,115,436.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,290 shares of company stock valued at $1,866,023. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.