Creative Planning Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Creative Planning lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,498.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 242,957 shares of the restaurant operator’s stock after purchasing an additional 238,617 shares during the quarter. Creative Planning’s holdings in Chipotle Mexican Grill were worth $15,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMG. Focus Financial Network Inc. ADV purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $252,000. Scotia Capital Inc. purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at $226,000. Bank of Nova Scotia grew its position in Chipotle Mexican Grill by 106.8% during the 4th quarter. Bank of Nova Scotia now owns 5,263 shares of the restaurant operator’s stock worth $12,036,000 after purchasing an additional 2,718 shares during the period. NEOS Investment Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $892,000. Finally, Rafferty Asset Management LLC raised its stake in shares of Chipotle Mexican Grill by 2.3% during the 4th quarter. Rafferty Asset Management LLC now owns 2,305 shares of the restaurant operator’s stock valued at $5,271,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the topic of several analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a report on Monday. Raymond James cut their target price on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Robert W. Baird lowered their price target on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. TD Cowen reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, September 12th. Finally, Argus increased 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $62.36.

Insider Activity

In related 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 owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction 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 quarter, insiders have sold 34,934 shares of company stock valued at $1,918,589. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Up 0.4 %

CMG stock opened at $57.59 on Tuesday. The firm has a 50-day moving average of $54.61 and a two-hundred day moving average of $81.38. 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 $79.08 billion, a price-to-earnings ratio of 61.26, a PEG ratio of 2.43 and a beta of 1.25.

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

About Chipotle Mexican Grill

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.