Strategic Investment Solutions Inc. IL Invests $497,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Strategic Investment Solutions Inc. IL purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, Holdings Channel.com reports. The firm purchased 7,937 shares of the restaurant operator’s stock, valued at approximately $497,000.

Other institutional investors have also made changes to their positions in the company. Steph & Co. bought a new position in shares of Chipotle Mexican Grill in the first quarter worth about $29,000. Semmax Financial Advisors Inc. raised its position in Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares during the last quarter. Crewe Advisors LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $44,000. Westside Investment Management Inc. acquired a new position in Chipotle Mexican Grill during the 1st quarter worth $58,000. Finally, Salem Investment Counselors Inc. boosted its position in Chipotle Mexican Grill by 27.8% in the 1st quarter. Salem Investment Counselors Inc. now owns 23 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 5 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the business’s 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 sale, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the transaction, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,934 shares of company stock worth $1,918,589. Corporate insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. BMO Capital Markets cut their target price on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Barclays lowered their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Oppenheimer restated an “outperform” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Monday. Finally, Evercore ISI lowered their target price on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.36.

Chipotle Mexican Grill Stock Down 0.8 %

Shares of NYSE:CMG opened at $57.17 on Wednesday. The firm has a market cap of $78.51 billion, a price-to-earnings ratio of 60.82, a PEG ratio of 2.43 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 12 month low of $35.37 and a 12 month high of $69.26. The company’s fifty day simple moving average is $54.70 and its 200 day simple moving average is $81.40.

Chipotle Mexican Grill (NYSE:CMG) last released 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 firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $12.65 EPS. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share 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.