Fidelis Capital Partners LLC Increases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Fidelis Capital Partners LLC lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,125.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 74,937 shares of the restaurant operator’s stock after purchasing an additional 73,503 shares during the period. Chipotle Mexican Grill accounts for approximately 0.6% of Fidelis Capital Partners LLC’s investment portfolio, making the stock its 29th largest holding. Fidelis Capital Partners LLC’s holdings in Chipotle Mexican Grill were worth $4,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CMG. Evermay Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 1.8% during the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after buying an additional 4 shares during the last quarter. Peloton Wealth Strategists increased its stake in shares of Chipotle Mexican Grill by 0.3% in the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after purchasing an additional 4 shares in the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Chipotle Mexican Grill by 19.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock worth $73,000 after purchasing an additional 4 shares during the period. Diversified Trust Co raised its holdings in Chipotle Mexican Grill by 0.9% in the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after purchasing an additional 4 shares during the period. Finally, Valley National Advisers Inc. lifted its position in Chipotle Mexican Grill by 9.8% during the first quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock valued at $131,000 after purchasing an additional 4 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.3 %

Shares of NYSE:CMG opened at $57.23 on Friday. The firm has a fifty day simple moving average of $54.26 and a two-hundred day simple moving average of $81.03. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The stock has a market capitalization of $78.60 billion, a P/E ratio of 60.88, a PEG ratio of 2.33 and a beta of 1.25.

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. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

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 on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction 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 sale, the insider now 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 available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill 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 directly 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 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.

Analyst Ratings Changes

A number of brokerages have commented on CMG. Stephens restated an “equal weight” rating and issued a $61.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Truist Financial reaffirmed a “buy” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. BMO Capital Markets reduced their price objective on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. Finally, Robert W. Baird lowered their target price on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average 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.