Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Increased by Beck Capital Management LLC

Beck Capital Management LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,063.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,224 shares of the restaurant operator’s stock after buying an additional 122,799 shares during the quarter. Chipotle Mexican Grill accounts for approximately 2.2% of Beck Capital Management LLC’s holdings, making the stock its 10th biggest holding. Beck Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $7,845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Evermay Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 1.8% during the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after acquiring an additional 4 shares in the last quarter. Peloton Wealth Strategists raised its position in shares of Chipotle Mexican Grill by 0.3% during the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after purchasing an additional 4 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in Chipotle Mexican Grill by 19.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock valued at $73,000 after buying an additional 4 shares in the last quarter. Diversified Trust Co grew its holdings in Chipotle Mexican Grill by 0.9% during the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after buying an additional 4 shares during the last quarter. Finally, Valley National Advisers Inc. grew its holdings in Chipotle Mexican Grill by 9.8% during the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock valued at $131,000 after buying an additional 4 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.3 %

Shares of CMG stock opened at $57.23 on Monday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The firm’s 50 day moving average price is $54.26 and its two-hundred day moving average price is $81.22. The stock has a market cap of $78.60 billion, a price-to-earnings ratio of 60.88, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on CMG. The Goldman Sachs Group cut their price target on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. StockNews.com downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Guggenheim upped their price objective on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Argus lifted their target price on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Ten research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other 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 value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at $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 quarter. Company insiders own 1.02% of the company’s stock.

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.