Wealthspire Advisors LLC Grows Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wealthspire Advisors LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,360.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,010 shares of the restaurant operator’s stock after purchasing an additional 8,845 shares during the quarter. Wealthspire Advisors LLC’s holdings in Chipotle Mexican Grill were worth $564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. William Blair Investment Management LLC raised its holdings in Chipotle Mexican Grill by 4,565.8% during the second quarter. William Blair Investment Management LLC now owns 5,078,767 shares of the restaurant operator’s stock worth $318,185,000 after purchasing an additional 4,969,916 shares in the last quarter. Parallel Advisors LLC raised its stake in Chipotle Mexican Grill by 5,296.6% during the 2nd quarter. Parallel Advisors LLC now owns 20,885 shares of the restaurant operator’s stock worth $1,308,000 after acquiring an additional 20,498 shares in the last quarter. Dai ichi Life Insurance Company Ltd raised its stake in Chipotle Mexican Grill by 4,610.0% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 56,850 shares of the restaurant operator’s stock worth $3,562,000 after acquiring an additional 55,643 shares in the last quarter. Aua Capital Management LLC lifted its position in Chipotle Mexican Grill by 4,900.0% in the second quarter. Aua Capital Management LLC now owns 7,600 shares of the restaurant operator’s stock valued at $476,000 after acquiring an additional 7,448 shares during the last quarter. Finally, 1ST Source Bank boosted its stake in Chipotle Mexican Grill by 4,781.7% in the second quarter. 1ST Source Bank now owns 39,200 shares of the restaurant operator’s stock valued at $2,456,000 after acquiring an additional 38,397 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the sale, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,934 shares of company stock valued at $1,918,589. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $57.66 on Tuesday. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26. The firm’s 50-day moving average is $54.26 and its two-hundred day moving average is $81.12. The stock has a market capitalization of $79.19 billion, a P/E ratio of 61.34, a P/E/G ratio of 2.33 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. Chipotle Mexican Grill’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $12.65 earnings per share. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CMG. Evercore ISI cut their target price on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. StockNews.com lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. JPMorgan Chase & Co. lifted their target price on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Stephens reiterated an “equal weight” rating and set a $61.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Finally, Truist Financial restated a “buy” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.36.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.