Old North State Trust LLC Has $1.39 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Old North State Trust LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,148.8% in the second quarter, Holdings Channel.com reports. The firm owned 22,150 shares of the restaurant operator’s stock after acquiring an additional 21,728 shares during the period. Chipotle Mexican Grill comprises approximately 1.2% of Old North State Trust LLC’s portfolio, making the stock its 16th largest holding. Old North State Trust LLC’s holdings in Chipotle Mexican Grill were worth $1,388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. Steph & Co. acquired a new position in Chipotle Mexican Grill in the first quarter valued at about $29,000. Semmax Financial Advisors Inc. raised its position in shares of Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 9 shares during the period. Crewe Advisors LLC bought a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $44,000. ICA Group Wealth Management LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $37,000. Finally, Westside Investment Management Inc. bought a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $58,000. 91.31% of the stock is owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’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 value of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,934 shares of company stock worth $1,918,589. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.2 %

NYSE:CMG opened at $57.34 on Monday. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The stock’s 50-day simple moving average is $54.53 and its 200 day simple moving average is $81.36. The firm has a market capitalization of $78.75 billion, a PE ratio of 61.00, a price-to-earnings-growth ratio of 2.43 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates 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 was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $12.65 EPS. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CMG shares. Truist Financial reissued a “buy” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lifted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. Citigroup lowered their price target 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. Stephens reiterated an “equal weight” rating and set a $61.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Finally, Guggenheim increased their target price on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Company 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.