WESPAC Advisors LLC Invests $850,000 in Chipotle Mexican Grill, Inc. (CMG) Stock

WESPAC Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,196 shares of the restaurant operator’s stock, valued at approximately $850,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bruderman Asset Management LLC bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $39,000. Captrust Financial Advisors grew its stake in shares of Chipotle Mexican Grill by 44.0% in the fourth quarter. Captrust Financial Advisors now owns 167 shares of the restaurant operator’s stock worth $72,000 after purchasing an additional 51 shares during the last quarter. Huntington National Bank grew its stake in shares of Chipotle Mexican Grill by 19.9% in the fourth quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock worth $73,000 after purchasing an additional 28 shares during the last quarter. Clean Yield Group bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $86,000. Finally, We Are One Seven LLC bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $96,000. Institutional investors and hedge funds own 93.08% of the company’s stock.

A number of brokerages have commented on CMG. UBS Group set a $797.00 price target on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a research report on Wednesday. Citigroup upped their price target on shares of Chipotle Mexican Grill from $695.00 to $797.00 and gave the company a “buy” rating in a research report on Wednesday. TheStreet raised shares of Chipotle Mexican Grill from a “c+” rating to a “b” rating in a research report on Wednesday, April 24th. Argus upped their price target on shares of Chipotle Mexican Grill from $770.00 to $840.00 in a research report on Thursday, April 25th. Finally, Oppenheimer upped their price target on shares of Chipotle Mexican Grill from $400.00 to $525.00 and gave the company an “underperform” rating in a research report on Thursday, April 25th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chipotle Mexican Grill currently has an average rating of “Hold” and an average target price of $642.96.

In related news, Director Pershing Square Capital Manage sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $594.65, for a total value of $11,893,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jack Hartung sold 1,470 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $680.00, for a total transaction of $999,600.00. Following the completion of the transaction, the chief financial officer now directly owns 38,002 shares of the company’s stock, valued at $25,841,360. The disclosure for this sale can be found here. Insiders have sold a total of 51,788 shares of company stock valued at $31,629,459 over the last three months. Insiders own 2.21% of the company’s stock.

CMG stock traded up $0.31 during trading on Friday, reaching $705.44. The stock had a trading volume of 520,798 shares, compared to its average volume of 619,818. Chipotle Mexican Grill, Inc. has a one year low of $383.20 and a one year high of $721.42. The company has a market capitalization of $19.54 billion, a price-to-earnings ratio of 77.86, a PEG ratio of 2.83 and a beta of 0.64.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.01 by $0.39. Chipotle Mexican Grill had a net margin of 4.08% and a return on equity of 19.78%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm posted $2.13 EPS. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 12.97 earnings per share for the current fiscal year.

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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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