Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6,532.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,403 shares of the restaurant operator’s stock after purchasing an additional 12,216 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $777,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gilbert & Cook Inc. boosted its holdings in shares of Chipotle Mexican Grill by 7.6% in the 4th quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock valued at $2,351,000 after buying an additional 73 shares in the last quarter. 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 valued at $780,000 after acquiring an additional 121 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in 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 valued at $9,349,000 after acquiring an additional 573 shares during the last quarter. US Bancorp DE boosted its stake 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 acquiring an additional 251 shares in the last quarter. Finally, Commerce Bank grew its holdings in shares of Chipotle Mexican Grill by 1.0% during the fourth quarter. Commerce Bank now owns 1,763 shares of the restaurant operator’s stock worth $4,032,000 after purchasing an additional 17 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. TD Cowen reissued a “buy” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, September 12th. Guggenheim boosted their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. BMO Capital Markets decreased their price objective on 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. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Finally, Barclays reduced their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.36.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $58.29 on Tuesday. The stock’s 50 day moving average price is $54.29 and its 200 day moving average price is $81.25. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26. The company has a market cap of $80.05 billion, a PE ratio of 62.01, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates 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 revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm earned $12.65 EPS. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated 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 sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,934 shares of company stock worth $1,918,589. 1.02% of the stock is owned by corporate insiders.

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.