Peloton Wealth Strategists Increases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Peloton Wealth Strategists raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,675.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,050 shares of the restaurant operator’s stock after purchasing an additional 66,625 shares during the quarter. Chipotle Mexican Grill comprises about 1.8% of Peloton Wealth Strategists’ investment portfolio, making the stock its 18th biggest position. Peloton Wealth Strategists’ holdings in Chipotle Mexican Grill were worth $4,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its stake in shares of Chipotle Mexican Grill by 4,732.3% in the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after buying an additional 19,759,754 shares in the last quarter. Legal & General Group Plc boosted its holdings in Chipotle Mexican Grill by 5,209.5% in the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after acquiring an additional 10,729,706 shares during the period. Massachusetts Financial Services Co. MA grew its position in Chipotle Mexican Grill by 5,930.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after acquiring an additional 10,139,174 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Chipotle Mexican Grill by 4,816.1% during the second 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 purchasing an additional 8,186,198 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Chipotle Mexican Grill by 76,617.6% during the second quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock worth $369,945,000 after purchasing an additional 5,897,255 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on CMG. Robert W. Baird lowered their price target on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Loop Capital cut their price target on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. Raymond James reduced their price target on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Oppenheimer cut their target price on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated Wednesday, September 11th. The shares were 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 $26,052,740.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The disclosure for this sale can be found here. Insiders sold 34,934 shares of company stock valued at $1,918,589 in the last ninety days. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $57.34 on Friday. The firm has a market capitalization of $78.53 billion, a P/E ratio of 61.18, a P/E/G ratio of 2.43 and a beta of 1.25. The business has a 50 day simple moving average of $54.45 and a 200 day simple moving average of $80.96. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $12.65 earnings per share. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.