EP Wealth Advisors LLC Raises Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

EP Wealth Advisors LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6,780.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,447 shares of the restaurant operator’s stock after acquiring an additional 43,801 shares during the period. EP Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $2,785,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Shellback Capital LP increased its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after buying an additional 122,500 shares during the last quarter. Swedbank AB acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth about $53,979,000. Transform Wealth LLC lifted its stake in Chipotle Mexican Grill by 4,760.7% during the second quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock worth $597,000 after purchasing an additional 9,331 shares during the last quarter. First Hawaiian Bank boosted its holdings in Chipotle Mexican Grill by 4,731.0% in the second quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock valued at $1,074,000 after purchasing an additional 16,795 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in Chipotle Mexican Grill by 4,747.7% in the second quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock valued at $1,279,000 after purchasing an additional 19,988 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several brokerages have recently weighed in on CMG. Truist Financial restated a “buy” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Barclays dropped their price objective on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Wedbush reissued an “outperform” rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Finally, TD Cowen restated a “buy” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, September 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Stock Down 0.8 %

Shares of NYSE:CMG opened at $57.17 on Wednesday. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The company has a 50-day moving average price of $54.70 and a 200 day moving average price of $81.40. The company has a market cap of $78.51 billion, a P/E ratio of 60.82, a PEG ratio of 2.43 and a beta of 1.25.

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

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.