Larson Financial Group LLC Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Larson Financial Group LLC grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8,057.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,100 shares of the restaurant operator’s stock after acquiring an additional 3,062 shares during the quarter. Larson Financial Group LLC’s holdings in Chipotle Mexican Grill were worth $194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in shares of Chipotle Mexican Grill by 4,816.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after acquiring an additional 8,186,198 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Chipotle Mexican Grill by 4,260.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock valued at $196,241,000 after acquiring an additional 3,060,498 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Chipotle Mexican Grill by 3,988.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,996,492 shares of the restaurant operator’s stock valued at $187,730,000 after acquiring an additional 2,923,203 shares during the period. Vanguard Group Inc. increased its holdings in shares of Chipotle Mexican Grill by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 2,732,471 shares of the restaurant operator’s stock valued at $7,942,665,000 after acquiring an additional 25,238 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Chipotle Mexican Grill by 4,947.9% in the 2nd quarter. Rhumbline Advisers now owns 2,633,801 shares of the restaurant operator’s stock valued at $165,008,000 after acquiring an additional 2,581,625 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Up 1.2 %

Chipotle Mexican Grill stock opened at $53.69 on Friday. The stock has a market cap of $73.74 billion, a P/E ratio of 57.12, a PEG ratio of 2.34 and a beta of 1.25. The company has a 50-day moving average price of $54.95 and a 200 day moving average price of $80.60. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced 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. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $12.65 EPS. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMG. Oppenheimer dropped their target price on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. KeyCorp lowered their price target 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. Evercore ISI reduced their target price on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Truist Financial reissued a “buy” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Finally, Argus upped their price objective on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $62.36.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction dated 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 of the company’s stock, valued at $19,591,844. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.02% of the stock is currently owned by insiders.

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.