Today, Highland Capital Management LLC Buys 1,294 Shares of Chipotle Mexican Grill Inc. (CMG)

Today, Highland Capital Management LLC Buys 1,294 Shares of Chipotle Mexican Grill Inc. (CMG)

Highland Capital Management LLC boosted its position in Chipotle Mexican Grill Inc. (NYSE:CMG) by 16.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,976 shares of the company’s stock after buying an additional 1,294 shares during the period. Highland Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $3,801,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of CMG. WFG Advisors LP boosted its stake in shares of Chipotle Mexican Grill by 7.2% in the second quarter. WFG Advisors LP now owns 298 shares of the company’s stock worth $120,000 after buying an additional 20 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Chipotle Mexican Grill by 21.4% in the second quarter. Van ECK Associates Corp now owns 301 shares of the company’s stock worth $121,000 after buying an additional 53 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of Chipotle Mexican Grill by 473.7% in the second quarter. Global X Management Co. LLC now owns 327 shares of the company’s stock worth $132,000 after buying an additional 270 shares during the last quarter. Cribstone Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $145,000. Finally, Sandy Spring Bank boosted its stake in shares of Chipotle Mexican Grill by 11.9% in the second quarter. Sandy Spring Bank now owns 422 shares of the company’s stock worth $170,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 99.89% of the company’s stock.

Shares of Chipotle Mexican Grill Inc. (NYSE:CMG) traded down 2.65% during midday trading on Monday, reaching $399.39. The company had a trading volume of 838,756 shares. The company’s 50-day moving average is $396.72 and its 200-day moving average is $411.98. The firm has a market cap of $11.56 billion, a P/E ratio of 161.30 and a beta of 0.60. Chipotle Mexican Grill Inc. has a 52-week low of $352.96 and a 52-week high of $589.15.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 25th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by $1.32. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $13.71 million. Chipotle Mexican Grill had a return on equity of 5.46% and a net margin of 1.94%. The company’s revenue was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.59 EPS. Equities research analysts expect that Chipotle Mexican Grill Inc. will post $1.58 EPS for the current fiscal year.

A number of equities analysts have weighed in on the company. Guggenheim cut Chipotle Mexican Grill from a “neutral” rating to a “sell” rating and set a $315.00 price target for the company. in a report on Thursday, November 17th. Vetr cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating and set a $397.05 price target for the company. in a report on Thursday, November 10th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $490.00 price target (up previously from $445.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 27th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Chipotle Mexican Grill in a report on Thursday, October 27th. Finally, Wedbush restated an “underperform” rating and issued a $370.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 26th. Nine analysts have rated the stock with a sell rating, nineteen have given a hold rating and twelve have given a buy rating to the company’s stock. Chipotle Mexican Grill has an average rating of “Hold” and a consensus target price of $448.86.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.

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