Carroll Financial Associates Inc. Invests $221,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Carroll Financial Associates Inc. acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 264 shares of the restaurant operator’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Bank of Australia raised its holdings in shares of Chipotle Mexican Grill by 77.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 39 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 17 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $36,000. Griffin Asset Management Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $41,000. Liberty Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 123.1% during the 2nd quarter. Liberty Wealth Management LLC now owns 87 shares of the restaurant operator’s stock worth $64,000 after acquiring an additional 48 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $82,000. 91.89% of the stock is currently owned by institutional investors and hedge funds.

CMG stock opened at $830.35 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 1.65. The business’s fifty day simple moving average is $823.35 and its two-hundred day simple moving average is $752.34. Chipotle Mexican Grill, Inc. has a twelve month low of $383.20 and a twelve month high of $857.90. The firm has a market cap of $23.02 billion, a price-to-earnings ratio of 91.65, a PEG ratio of 3.27 and a beta of 0.70.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.31. Chipotle Mexican Grill had a return on equity of 21.50% and a net margin of 4.80%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the firm posted $2.87 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. Research analysts expect that Chipotle Mexican Grill, Inc. will post 13.38 EPS for the current year.

In other Chipotle Mexican Grill news, insider Steve Ells sold 28,645 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $802.66, for a total value of $22,992,195.70. Following the sale, the insider now owns 183,580 shares in the company, valued at $147,352,322.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 772 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $843.90, for a total value of $651,490.80. Following the completion of the sale, the chief executive officer now owns 26,634 shares in the company, valued at approximately $22,476,432.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,531 shares of company stock worth $91,910,364. Insiders own 2.21% of the company’s stock.

CMG has been the topic of several recent research reports. Maxim Group reaffirmed a “hold” rating and set a $670.00 price objective (up from $650.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 24th. BMO Capital Markets upped their price objective on Chipotle Mexican Grill from $620.00 to $640.00 and gave the stock an “underperform” rating in a report on Wednesday, July 24th. Piper Jaffray Companies set a $904.00 price objective on Chipotle Mexican Grill and gave the stock a “buy” rating in a report on Friday, September 27th. ValuEngine cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Loop Capital increased their price target on Chipotle Mexican Grill to $860.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $727.55.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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