Intech Investment Management LLC Grows Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Intech Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12,800.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 523,250 shares of the restaurant operator’s stock after acquiring an additional 519,194 shares during the period. Intech Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $32,782,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Evermay Wealth Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 1.8% during the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after acquiring an additional 4 shares during the last quarter. Peloton Wealth Strategists increased its position in shares of Chipotle Mexican Grill by 0.3% during the fourth quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock valued at $3,318,000 after buying an additional 4 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in Chipotle Mexican Grill by 19.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock worth $73,000 after purchasing an additional 4 shares during the period. Diversified Trust Co grew its holdings in Chipotle Mexican Grill by 0.9% in the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after purchasing an additional 4 shares during the period. Finally, Valley National Advisers Inc. grew its holdings in Chipotle Mexican Grill by 9.8% in the first quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock worth $131,000 after purchasing an additional 4 shares during the period. 91.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CMG shares. Guggenheim upped their target price on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Raymond James decreased their price target on shares of 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. Wedbush reiterated an “outperform” rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Robert W. Baird reduced their price objective on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Finally, TD Cowen reissued a “buy” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, September 12th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, 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 transaction of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred 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 sale, the insider now 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 have sold a total of 34,934 shares of company stock valued at $1,918,589 over the last ninety days. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.8 %

NYSE CMG opened at $57.95 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The firm has a market cap of $79.59 billion, a PE ratio of 61.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25. The company has a 50 day moving average price of $54.27 and a 200 day moving average price of $80.82.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm posted $12.65 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal 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.