Duality Advisers LP purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,342 shares of the restaurant operator’s stock, valued at approximately $1,412,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Chipotle Mexican Grill in the second quarter valued at $25,000. Ninety One SA PTY Ltd purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at approximately $33,000. Glassman Wealth Services lifted its position in Chipotle Mexican Grill by 300.0% during the 1st quarter. Glassman Wealth Services now owns 52 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 39 shares during the period. Capital Advisors Ltd. LLC lifted its position in Chipotle Mexican Grill by 440.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 54 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 44 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in shares of Chipotle Mexican Grill by 42.5% in the 1st quarter. Arkadios Wealth Advisors now owns 57 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 17 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors.
In other news, CEO Brian R. Niccol sold 884 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,011.38, for a total transaction of $894,059.92. Following the transaction, the chief executive officer now owns 19,079 shares of the company’s stock, valued at approximately $19,296,119.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Matthew H. Paull sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $1,018.75, for a total value of $407,500.00. Following the completion of the transaction, the director now directly owns 869 shares in the company, valued at $885,293.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,066 shares of company stock worth $5,235,881. 1.00% of the stock is currently owned by company insiders.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 22nd. The restaurant operator reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. Chipotle Mexican Grill had a return on equity of 17.24% and a net margin of 4.55%. Analysts predict that Chipotle Mexican Grill, Inc. will post 10.43 EPS for the current year.
Several equities research analysts recently weighed in on CMG shares. Wolfe Research started coverage on Chipotle Mexican Grill in a report on Friday, April 17th. They set an “outperform” rating and a $903.00 price target for the company. UBS Group upped their price objective on shares of Chipotle Mexican Grill from $850.00 to $1,200.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Bank of America lifted their target price on shares of Chipotle Mexican Grill from $800.00 to $1,200.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Deutsche Bank increased their price target on shares of Chipotle Mexican Grill from $1,132.00 to $1,155.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. Finally, Stephens lifted their price objective on Chipotle Mexican Grill from $780.00 to $1,200.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have given a buy rating to the company. Chipotle Mexican Grill has a consensus rating of “Hold” and a consensus target price of $1,059.20.
Chipotle Mexican Grill Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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