Interchange Capital Partners LLC Acquires Shares of 4,123 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Interchange Capital Partners LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,123 shares of the restaurant operator’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth $53,979,000. Transform Wealth LLC increased its stake in shares of Chipotle Mexican Grill by 4,760.7% in the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock worth $597,000 after acquiring an additional 9,331 shares during the last quarter. First Hawaiian Bank increased its stake in shares of Chipotle Mexican Grill by 4,731.0% in the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock worth $1,074,000 after acquiring an additional 16,795 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 4,747.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock worth $1,279,000 after acquiring an additional 19,988 shares during the last quarter. Finally, MJP Associates Inc. ADV increased its stake in shares of Chipotle Mexican Grill by 5,588.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator’s stock worth $802,000 after acquiring an additional 12,573 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of recent research reports. Barclays cut their target price on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. BMO Capital Markets cut their target price on 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. The Goldman Sachs Group cut their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. KeyCorp cut their price objective on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Up 0.8 %

CMG stock opened at $56.08 on Monday. The business has a 50 day moving average price of $120.35 and a 200 day moving average price of $80.94. The stock has a market cap of $77.02 billion, a price-to-earnings ratio of 59.66, a PEG ratio of 2.34 and a beta of 1.24. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $12.65 earnings per share. As a group, sell-side analysts anticipate 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.