Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,213.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,300 shares of the restaurant operator’s stock after purchasing an additional 11,038 shares during the quarter. Driehaus Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Shellback Capital LP boosted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after acquiring an additional 122,500 shares during the last quarter. Swedbank AB acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $53,979,000. Transform Wealth LLC boosted its position in shares of Chipotle Mexican Grill by 4,760.7% during the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after acquiring an additional 9,331 shares during the last quarter. First Hawaiian Bank boosted its position in shares of Chipotle Mexican Grill by 4,731.0% during the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock valued at $1,074,000 after acquiring an additional 16,795 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 4,747.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock valued at $1,279,000 after acquiring an additional 19,988 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The transaction 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 17,394 shares of Chipotle Mexican Grill 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 completion of the transaction, the insider now directly 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 accessible through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. The disclosure for this sale can be found here. Insiders sold 34,934 shares of company stock worth $1,918,589 over the last 90 days. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Up 0.4 %

CMG stock opened at $57.59 on Tuesday. The company has a market capitalization of $79.08 billion, a P/E ratio of 61.26, a PEG ratio of 2.43 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The business has a 50 day simple moving average of $54.61 and a 200-day simple moving average of $81.38.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business 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 business earned $12.65 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Raymond James reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Argus boosted their price objective on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, StockNews.com lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price 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.