Profund Advisors LLC Buys 26,940 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Profund Advisors LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,088.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,599 shares of the restaurant operator’s stock after purchasing an additional 26,940 shares during the quarter. Profund Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMG. Gilbert & Cook Inc. increased its position in shares of Chipotle Mexican Grill by 7.6% during the 4th quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock valued at $2,351,000 after purchasing an additional 73 shares during the last quarter. Gryphon Financial Partners LLC increased its position in shares of Chipotle Mexican Grill by 55.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock valued at $780,000 after purchasing an additional 121 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Chipotle Mexican Grill by 0.8% during the 4th quarter. Clearbridge Investments LLC now owns 3,388 shares of the restaurant operator’s stock valued at $7,748,000 after purchasing an additional 28 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Chipotle Mexican Grill by 16.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,088 shares of the restaurant operator’s stock valued at $9,349,000 after purchasing an additional 573 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Chipotle Mexican Grill by 14.8% during the 4th quarter. US Bancorp DE now owns 1,943 shares of the restaurant operator’s stock valued at $4,444,000 after purchasing an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity

In related 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 sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now 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 this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of the business’s 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 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. Over the last ninety days, insiders sold 34,934 shares of company stock valued at $1,918,589. 1.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CMG shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. StockNews.com lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Evercore ISI reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Citigroup reduced their target price 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. Finally, Truist Financial reissued a “buy” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Stock Down 1.3 %

NYSE CMG opened at $57.23 on Monday. The company has a fifty day moving average of $54.26 and a two-hundred day moving average of $81.22. The firm has a market capitalization of $78.60 billion, a price-to-earnings ratio of 60.88, a PEG ratio of 2.33 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data 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 company had revenue of $2.97 billion during the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $12.65 earnings per share. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS 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.