Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Resources Management Corp CT ADV

Resources Management Corp CT ADV lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,804.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,750 shares of the restaurant operator’s stock after purchasing an additional 25,225 shares during the period. Resources Management Corp CT ADV’s holdings in Chipotle Mexican Grill were worth $1,613,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $53,979,000. Transform Wealth LLC raised its position in shares of 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 buying an additional 9,331 shares during the period. First Hawaiian Bank raised its position in shares of Chipotle Mexican Grill by 4,731.0% during the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock valued at $1,074,000 after buying an additional 16,795 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Chipotle Mexican Grill by 4,747.7% during the 2nd 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 period. Finally, MJP Associates Inc. ADV raised its position in shares of Chipotle Mexican Grill by 5,588.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator’s stock valued at $802,000 after buying an additional 12,573 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the company’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 transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Curtis E. Garner sold 15,750 shares of the company’s 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 of the company’s stock, valued at $26,052,740.28. The disclosure for this sale can be found here. Insiders sold 34,934 shares of company stock worth $1,918,589 over the last 90 days. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.9 %

Shares of CMG stock opened at $58.29 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $35.37 and a 12 month high of $69.26. The company has a market cap of $80.05 billion, a P/E ratio of 62.01, a PEG ratio of 2.33 and a beta of 1.25. The firm has a fifty day moving average price of $54.29 and a 200 day moving average price of $81.25.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) 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 company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm posted $12.65 earnings per share. Chipotle Mexican Grill’s revenue for the quarter 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 year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CMG. Guggenheim lifted 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 report on Wednesday, July 24th. Oppenheimer cut their target price on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Raymond James cut their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. The Goldman Sachs Group cut 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. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. 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, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price 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.