Peloton Wealth Strategists Raises Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Peloton Wealth Strategists increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,675.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,050 shares of the restaurant operator’s stock after purchasing an additional 66,625 shares during the period. Chipotle Mexican Grill makes up approximately 1.8% of Peloton Wealth Strategists’ portfolio, making the stock its 18th largest position. Peloton Wealth Strategists’ holdings in Chipotle Mexican Grill were worth $4,263,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Susquehanna Portfolio Strategies LLC boosted its stake in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Susquehanna Portfolio Strategies LLC now owns 373,500 shares of the restaurant operator’s stock valued at $23,400,000 after buying an additional 366,030 shares in the last quarter. First County Bank CT acquired a new stake in Chipotle Mexican Grill in the second quarter valued at $207,000. Shellback Capital LP boosted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after purchasing an additional 122,500 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Chipotle Mexican Grill by 5,209.5% during the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after purchasing an additional 10,729,706 shares during the period. Finally, Mackenzie Financial Corp grew its stake in shares of Chipotle Mexican Grill by 4,975.0% during the 2nd quarter. Mackenzie Financial Corp now owns 127,280 shares of the restaurant operator’s stock worth $7,974,000 after purchasing an additional 124,772 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 sale, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following 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. Over the last quarter, insiders sold 34,934 shares of company stock valued at $1,918,589. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.2 %

Shares of NYSE:CMG opened at $57.34 on Friday. The company has a market cap of $78.53 billion, a P/E ratio of 61.18, a P/E/G ratio of 2.43 and a beta of 1.25. The business has a fifty day simple moving average of $54.45 and a 200-day simple moving average of $80.96. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating 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 company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the company posted $12.65 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CMG shares. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Evercore ISI reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. TD Cowen restated a “buy” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, September 12th. Stephens reaffirmed an “equal weight” rating and set a $61.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. upped their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.36.

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.