Occidental Asset Management LLC Invests $225,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Occidental Asset Management LLC acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 105 shares of the restaurant operator’s stock, valued at approximately $225,000.

Other hedge funds also recently bought and sold shares of the company. Panagora Asset Management Inc. boosted its holdings in shares of Chipotle Mexican Grill by 79.5% in the first quarter. Panagora Asset Management Inc. now owns 948 shares of the restaurant operator’s stock worth $1,500,000 after buying an additional 420 shares during the last quarter. Cibc World Market Inc. grew its position in shares of Chipotle Mexican Grill by 15.5% during the 1st quarter. Cibc World Market Inc. now owns 171 shares of the restaurant operator’s stock valued at $271,000 after acquiring an additional 23 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Chipotle Mexican Grill by 7.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,032 shares of the restaurant operator’s stock worth $4,796,000 after purchasing an additional 205 shares in the last quarter. Cetera Investment Advisers raised its holdings in Chipotle Mexican Grill by 6.1% in the 1st quarter. Cetera Investment Advisers now owns 777 shares of the restaurant operator’s stock worth $1,229,000 after purchasing an additional 45 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in Chipotle Mexican Grill by 38.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 218 shares of the restaurant operator’s stock worth $345,000 after purchasing an additional 61 shares during the period. Hedge funds and other institutional investors own 91.19% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of a number of analyst reports. Barclays upped their price target on Chipotle Mexican Grill from $1,885.00 to $1,950.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 27th. Oppenheimer lowered their price target on shares of Chipotle Mexican Grill from $2,350.00 to $2,300.00 in a report on Thursday, July 27th. BMO Capital Markets reduced their price objective on shares of Chipotle Mexican Grill from $1,950.00 to $1,925.00 in a research note on Thursday, July 27th. Stephens restated an “overweight” rating and set a $2,400.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, July 27th. Finally, Wells Fargo & Company dropped their target price on shares of Chipotle Mexican Grill from $2,400.00 to $2,200.00 in a report on Thursday, July 27th. Eight analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $2,144.71.

Insider Transactions at Chipotle Mexican Grill

In related news, CEO Brian R. Niccol sold 1,058 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $1,928.16, for a total transaction of $2,039,993.28. Following the transaction, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $45,016,751.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,058 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $1,928.16, for a total value of $2,039,993.28. Following the transaction, the chief executive officer now owns 23,347 shares of the company’s stock, valued at approximately $45,016,751.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian R. Niccol sold 1,063 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $1,949.84, for a total value of $2,072,679.92. Following the sale, the chief executive officer now owns 23,347 shares of the company’s stock, valued at $45,522,914.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,207 shares of company stock worth $6,434,541. 0.96% of the stock is currently owned by insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $1,939.13 on Tuesday. The company has a market cap of $53.50 billion, a PE ratio of 48.43, a price-to-earnings-growth ratio of 1.64 and a beta of 1.30. The stock’s 50 day simple moving average is $1,952.85 and its two-hundred day simple moving average is $1,913.34. Chipotle Mexican Grill, Inc. has a 1 year low of $1,344.05 and a 1 year high of $2,175.01.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $12.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.25 by $0.40. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.53 billion. Chipotle Mexican Grill had a return on equity of 45.85% and a net margin of 12.00%. Chipotle Mexican Grill’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the company earned $9.30 earnings per share. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 43.18 EPS for the current year.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.