Morse Asset Management Inc Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Morse Asset Management Inc boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,050 shares of the restaurant operator’s stock after acquiring an additional 4,949 shares during the period. Morse Asset Management Inc’s holdings in Chipotle Mexican Grill were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CMG. Interval Partners LP acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth $12,284,000. Xponance Inc. lifted its holdings in shares of Chipotle Mexican Grill by 4,938.2% in the 2nd quarter. Xponance Inc. now owns 312,418 shares of the restaurant operator’s stock valued at $19,573,000 after buying an additional 306,217 shares during the period. Bank of Montreal Can boosted its position in Chipotle Mexican Grill by 3,633.9% in the 2nd quarter. Bank of Montreal Can now owns 1,418,998 shares of the restaurant operator’s stock worth $88,900,000 after purchasing an additional 1,380,995 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Chipotle Mexican Grill by 5,714.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,000 shares of the restaurant operator’s stock valued at $313,000 after purchasing an additional 4,914 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in shares of Chipotle Mexican Grill by 8,266.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 50,950 shares of the restaurant operator’s stock valued at $3,192,000 after purchasing an additional 50,341 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $57.23 on Monday. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26. The firm has a market cap of $78.60 billion, a PE ratio of 60.88, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25. The company has a 50-day moving average of $54.26 and a two-hundred day moving average of $81.22.

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 firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $12.65 EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s 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 completion of the transaction, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of the 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 owns 358,300 shares in the company, valued at $19,591,844. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,934 shares of company stock worth $1,918,589. 1.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CMG shares. Piper Sandler lowered their target price on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. The Goldman Sachs Group decreased their target price on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Wedbush restated an “outperform” rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Stephens reiterated an “equal weight” rating and issued a $61.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Finally, Guggenheim raised their price target 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. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.36.

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.