Thames Capital Management LLC Acquires 126,365 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Thames Capital Management LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,653.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,600 shares of the restaurant operator’s stock after purchasing an additional 126,365 shares during the quarter. Chipotle Mexican Grill comprises 3.2% of Thames Capital Management LLC’s portfolio, making the stock its 19th largest position. Thames Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $8,057,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth about $25,000. Riverview Trust Co raised its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the last quarter. RiverPark Advisors LLC boosted its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the last quarter. Archer Investment Corp bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth $25,000. Finally, Chilton Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth $27,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $57.23 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The company’s fifty day moving average is $54.26 and its 200 day moving average is $80.84. The stock has a market capitalization of $78.60 billion, a PE ratio of 60.88, a P/E/G ratio of 2.33 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data 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. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the business earned $12.65 EPS. Chipotle Mexican Grill’s revenue was up 18.2% compared to the same quarter last year. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,340,333.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction that occurred on 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 owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the sale, the insider now directly 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 ninety days, insiders have sold 34,934 shares of company stock worth $1,918,589. Insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CMG shares. JPMorgan Chase & Co. boosted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Loop Capital lowered their price objective on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Thursday, July 25th. The Goldman Sachs Group dropped their target price on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Argus boosted their target price on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Company Profile

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.