Garden State Investment Advisory Services LLC Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Garden State Investment Advisory Services LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,146.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,830 shares of the restaurant operator’s stock after buying an additional 3,757 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in Chipotle Mexican Grill were worth $240,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CMG. Swedbank AB acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $53,979,000. Transform Wealth LLC grew its stake in Chipotle Mexican Grill by 4,760.7% during the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after purchasing an additional 9,331 shares in the last quarter. First Hawaiian Bank increased its stake in shares of Chipotle Mexican Grill by 4,731.0% in the second quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock worth $1,074,000 after buying an additional 16,795 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in Chipotle Mexican Grill by 4,747.7% in the second quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock valued at $1,279,000 after buying an additional 19,988 shares during the last quarter. Finally, MJP Associates Inc. ADV lifted its position in shares of Chipotle Mexican Grill by 5,588.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator’s stock worth $802,000 after buying an additional 12,573 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other 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 completion of the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The disclosure for this sale can be found here. Insiders sold 34,934 shares of company stock valued at $1,918,589 over the last 90 days. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Down 1.3 %

CMG stock opened at $57.23 on Friday. The company has a market capitalization of $78.60 billion, a price-to-earnings ratio of 60.88, a P/E/G ratio of 2.33 and a beta of 1.25. The firm has a 50 day moving average of $54.26 and a two-hundred day moving average of $81.03. Chipotle Mexican Grill, Inc. has a 12 month low of $35.37 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion for 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%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $12.65 earnings per share. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on CMG. Loop Capital decreased their target price on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research report on Thursday, July 25th. Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Oppenheimer reduced their price objective on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Stephens reaffirmed an “equal weight” rating and set a $61.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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.