Nemes Rush Group LLC Increases Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nemes Rush Group LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7,976.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,150 shares of the restaurant operator’s stock after purchasing an additional 3,111 shares during the period. Nemes Rush Group LLC’s holdings in Chipotle Mexican Grill were worth $197,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gilbert & Cook Inc. boosted its position in Chipotle Mexican Grill by 7.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock worth $2,351,000 after purchasing an additional 73 shares during the last quarter. Gryphon Financial Partners LLC increased its holdings in Chipotle Mexican Grill by 55.0% during the fourth quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock valued at $780,000 after buying an additional 121 shares during the last quarter. Focus Financial Network Inc. ADV bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $252,000. Scotia Capital Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $226,000. Finally, Bank of Nova Scotia grew its position in shares of Chipotle Mexican Grill by 106.8% during the 4th quarter. Bank of Nova Scotia now owns 5,263 shares of the restaurant operator’s stock valued at $12,036,000 after acquiring an additional 2,718 shares during the period. Institutional investors own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction 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 sale, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Chipotle Mexican Grill 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 completion of the sale, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the business’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 value of $951,103.92. Following the transaction, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,934 shares of company stock worth $1,918,589. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Down 1.2 %

CMG stock opened at $57.34 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The firm has a market capitalization of $78.75 billion, a P/E ratio of 61.00, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25. The company has a fifty day simple moving average of $54.53 and a two-hundred day simple moving average of $81.36.

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 analysts’ consensus estimates 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 the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $12.65 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CMG. Wedbush reaffirmed an “outperform” rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Piper Sandler lowered their price objective on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Truist Financial reissued a “buy” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Robert W. Baird lowered their price target on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Finally, Raymond James reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.36.

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.