Capital Advisors Ltd. LLC Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Capital Advisors Ltd. LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,446.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,550 shares of the restaurant operator’s stock after acquiring an additional 3,486 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Chipotle Mexican Grill were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CMG. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth about $25,000. Riverview Trust Co increased its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. Steph & Co. purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $29,000. M&R Capital Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 490 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Chipotle Mexican Grill by 9,900.0% in the second quarter. Versant Capital Management Inc now owns 500 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 495 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the subject of several research analyst reports. TD Cowen cut their price objective on Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Piper Sandler cut their price target on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. KeyCorp dropped their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, The Goldman Sachs Group reduced their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $53.76 on Monday. Chipotle Mexican Grill, Inc. has a 52-week low of $35.37 and a 52-week high of $69.26. The company has a market cap of $73.83 billion, a PE ratio of 57.14, a PEG ratio of 2.23 and a beta of 1.24. The stock has a 50-day simple moving average of $121.44 and a 200 day simple moving average of $80.82.

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 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 the consensus estimate of $2.94 billion. During the same period in the previous year, the company posted $12.65 EPS. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Activity

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.