Unisphere Establishment Purchases 98,000 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Unisphere Establishment grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the restaurant operator’s stock after acquiring an additional 98,000 shares during the quarter. Unisphere Establishment’s holdings in Chipotle Mexican Grill were worth $6,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CMG. Point72 Asia Singapore Pte. Ltd. bought a new stake in Chipotle Mexican Grill in the second quarter worth $106,000. Point72 Hong Kong Ltd bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $21,302,000. Toronto Dominion Bank increased its holdings in shares of Chipotle Mexican Grill by 10,884.8% in the 2nd quarter. Toronto Dominion Bank now owns 901,739 shares of the restaurant operator’s stock worth $56,494,000 after buying an additional 893,530 shares during the last quarter. Fred Alger Management LLC raised its position in shares of Chipotle Mexican Grill by 4,841.4% during the 2nd quarter. Fred Alger Management LLC now owns 241,584 shares of the restaurant operator’s stock valued at $15,135,000 after buying an additional 236,695 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI lifted its holdings in shares of Chipotle Mexican Grill by 4,991.9% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 1,340,250 shares of the restaurant operator’s stock valued at $83,967,000 after acquiring an additional 1,313,929 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $57.99 on Wednesday. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26. The company has a 50-day moving average of $54.30 and a 200 day moving average of $81.28. The firm has a market cap of $79.42 billion, a PE ratio of 61.88, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly 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. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the company earned $12.65 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent research reports. Guggenheim upped their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. KeyCorp decreased their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. StockNews.com downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. Finally, Loop Capital lowered their target price on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.36.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The disclosure for this sale can be found here. Insiders sold a total of 34,934 shares of company stock worth $1,918,589 over the last 90 days. Company 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.