Summit Trail Advisors LLC Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Summit Trail Advisors LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,059.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,148 shares of the restaurant operator’s stock after buying an additional 15,835 shares during the quarter. Summit Trail Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,012,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Chipotle Mexican Grill by 464.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 274,153 shares of the restaurant operator’s stock worth $17,175,000 after acquiring an additional 225,589 shares during the last quarter. Thames Capital Management LLC lifted its stake in Chipotle Mexican Grill by 5,653.9% during the second quarter. Thames Capital Management LLC now owns 128,600 shares of the restaurant operator’s stock worth $8,057,000 after purchasing an additional 126,365 shares in the last quarter. Garden State Investment Advisory Services LLC boosted its position in shares of Chipotle Mexican Grill by 5,146.6% during the second quarter. Garden State Investment Advisory Services LLC now owns 3,830 shares of the restaurant operator’s stock worth $240,000 after buying an additional 3,757 shares during the period. Sei Investments Co. grew its stake in shares of Chipotle Mexican Grill by 3,310.5% in the second quarter. Sei Investments Co. now owns 3,853,584 shares of the restaurant operator’s stock valued at $241,426,000 after buying an additional 3,740,593 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Chipotle Mexican Grill by 4,878.6% in the 2nd quarter. Pacer Advisors Inc. now owns 108,184 shares of the restaurant operator’s stock valued at $6,778,000 after buying an additional 106,011 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. TD Cowen restated a “buy” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, September 12th. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Loop Capital decreased their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Finally, Guggenheim increased their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Insider Buying and Selling

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction 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 approximately $2,340,333.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. The disclosure for this sale can be found here. Insiders have sold a total of 34,934 shares of company stock valued at $1,918,589 over the last quarter. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Down 1.3 %

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

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $12.65 EPS. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Chipotle Mexican Grill 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.