Edgestream Partners L.P. Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Edgestream Partners L.P. boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3,447.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,428 shares of the restaurant operator’s stock after acquiring an additional 5,275 shares during the period. Edgestream Partners L.P.’s holdings in Chipotle Mexican Grill were worth $340,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Gilbert & Cook Inc. lifted its position in Chipotle Mexican Grill by 7.6% during the fourth quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock worth $2,351,000 after buying an additional 73 shares during the period. Gryphon Financial Partners LLC lifted its holdings 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 worth $780,000 after acquiring an additional 121 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Chipotle Mexican Grill by 16.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,088 shares of the restaurant operator’s stock worth $9,349,000 after acquiring an additional 573 shares during the last quarter. US Bancorp DE grew its holdings in Chipotle Mexican Grill by 14.8% in the fourth 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 period. Finally, Commerce Bank grew its holdings in Chipotle Mexican Grill by 1.0% in the fourth quarter. Commerce Bank now owns 1,763 shares of the restaurant operator’s stock valued at $4,032,000 after purchasing an additional 17 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMG has been the topic of a number of research analyst reports. Argus lifted their price target on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. The Goldman Sachs Group lowered their price target on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Oppenheimer dropped their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, TD Cowen reissued a “buy” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, September 12th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Trading Up 1.9 %

Shares of CMG opened at $58.29 on Tuesday. 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 $80.05 billion, a price-to-earnings ratio of 62.01, a PEG ratio of 2.33 and a beta of 1.25. The stock has a 50 day moving average of $54.29 and a 200-day moving average of $81.25.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share 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 firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm earned $12.65 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was 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 directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction dated Tuesday, August 6th. The stock was 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 directly owns 358,300 shares in the company, valued at approximately $19,591,844. The disclosure for this sale can be found here. Insiders have sold a total of 34,934 shares of company stock worth $1,918,589 over the last quarter. 1.02% of the stock is owned by company insiders.

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.