Chipotle Mexican Grill, Inc. $CMG Shares Newly Acquired by Cox Capital Mgt LLC

Cox Capital Mgt LLC acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 39,453 shares of the restaurant operator’s stock, valued at approximately $1,261,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CMG. MV Capital Management Inc. acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $26,000. Osbon Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $27,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $28,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the company’s stock in a transaction dated 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 owned 21,415 shares in the company, valued at approximately $765,586.25. This represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG traded down $0.21 during mid-day trading on Wednesday, hitting $30.69. The company had a trading volume of 12,812,816 shares, compared to its average volume of 17,398,629. The firm has a fifty day moving average price of $34.61 and a 200 day moving average price of $33.55. The company has a market capitalization of $38.84 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $42.81.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. Chipotle Mexican Grill’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Mizuho restated an “outperform” rating and set a $43.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, September 1st. Citigroup reduced their target price on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Weiss Ratings raised Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Finally, Stephens reaffirmed a “positive” rating and issued a $40.00 price objective (up from $36.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Twenty-three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.91.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that specializes in Mexican-inspired food made with a limited number of core ingredients. Its menu includes burritos, burrito bowls, tacos, quesadillas, salads and sides, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company also offers beverages, including soft drinks and other drinks, and allows customers to customize meals.

Founded by Steve Ells in 1993, Chipotle operates company-owned restaurants under the Chipotle Mexican Grill brand.