Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9,652.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,065 shares of the restaurant operator’s stock after purchasing an additional 24,808 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Chipotle Mexican Grill were worth $1,570,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Chipotle Mexican Grill in the second quarter valued at approximately $25,000. Riverview Trust Co increased its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the period. RiverPark Advisors LLC lifted its position in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the last quarter. Archer Investment Corp acquired a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $25,000. Finally, Oliver Lagore Vanvalin Investment Group grew its position in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of recent analyst reports. StockNews.com lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Raymond James lowered their price target on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, July 25th. BMO Capital Markets reduced their price objective on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Truist Financial reissued a “buy” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Finally, KeyCorp dropped their target price on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $62.36.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the business’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 completion of the transaction, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated 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 sale, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction that occurred 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 directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The disclosure for this sale can be found here. In the last three months, insiders sold 34,934 shares of company stock valued at $1,918,589. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $57.17 on Wednesday. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The company’s fifty day moving average price is $54.70 and its two-hundred day moving average price is $81.40. The company has a market capitalization of $78.51 billion, a price-to-earnings ratio of 60.82, a PEG ratio of 2.43 and a beta of 1.25.

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

Chipotle Mexican Grill Company 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.