Frank Rimerman Advisors LLC Purchases Shares of 11,150 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Frank Rimerman Advisors LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,150 shares of the restaurant operator’s stock, valued at approximately $699,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMG. Gilbert & Cook Inc. lifted its holdings in Chipotle Mexican Grill by 7.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock worth $2,351,000 after purchasing an additional 73 shares during the period. Gryphon Financial Partners LLC lifted its position in Chipotle Mexican Grill by 55.0% in the fourth quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock worth $780,000 after purchasing an additional 121 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Chipotle Mexican Grill by 16.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,088 shares of the restaurant operator’s stock valued at $9,349,000 after purchasing an additional 573 shares in the last quarter. US Bancorp DE increased its position in shares of Chipotle Mexican Grill by 14.8% during the 4th 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 raised its stake in shares of Chipotle Mexican Grill by 1.0% in the 4th quarter. Commerce Bank now owns 1,763 shares of the restaurant operator’s stock worth $4,032,000 after buying an additional 17 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the topic of several research reports. Stephens reiterated an “equal weight” rating and issued a $61.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. BMO Capital Markets cut their target price on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. TD Cowen restated a “buy” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, September 12th. Guggenheim increased their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Truist Financial restated a “buy” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Ten 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 has an average rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Stock Performance

NYSE: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 stock’s 50 day moving average price is $54.29 and its 200 day moving average price is $81.25. The company has a market capitalization of $80.05 billion, a P/E ratio of 62.01, a P/E/G ratio of 2.33 and a beta of 1.25.

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

Insiders Place Their Bets

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. The disclosure for this sale can be found here. Insiders have sold 34,934 shares of company stock worth $1,918,589 in the last ninety days. Insiders own 1.02% of the company’s stock.

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.