Carolinas Wealth Consulting LLC Has $89,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Carolinas Wealth Consulting LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,321.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,415 shares of the restaurant operator’s stock after acquiring an additional 1,383 shares during the period. Carolinas Wealth Consulting LLC’s holdings in Chipotle Mexican Grill were worth $89,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Chipotle Mexican Grill by 4,732.3% during the 2nd quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after purchasing an additional 19,759,754 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake 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 during the last quarter. Bank of New York Mellon Corp grew its position in Chipotle Mexican Grill by 4,816.1% in the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after acquiring an additional 8,186,198 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 4,565.8% during the 2nd quarter. William Blair Investment Management LLC now owns 5,078,767 shares of the restaurant operator’s stock worth $318,185,000 after purchasing an additional 4,969,916 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Chipotle Mexican Grill by 3,304.6% during the 2nd quarter. Renaissance Technologies LLC now owns 5,078,100 shares of the restaurant operator’s stock valued at $318,143,000 after purchasing an additional 4,928,945 shares in the last quarter. Institutional investors and hedge funds 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 firm’s 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 owns 358,300 shares in the company, valued at approximately $19,591,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Curtis E. Garner sold 17,394 shares of the 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 completion of the sale, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s 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 in the company, valued at $2,340,333.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,934 shares of company stock valued at $1,918,589. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CMG shares. KeyCorp lowered their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Raymond James lowered their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Citigroup reduced their target price on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 25th. BMO Capital Markets lowered their price target on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Ten equities 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, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $57.95 on Friday. 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 $79.59 billion, a PE ratio of 61.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25. The company’s fifty day moving average price is $54.27 and its two-hundred day moving average price is $80.82.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $12.65 earnings per share. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

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.