Financial Insights Inc. Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Financial Insights Inc. purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25 shares of the restaurant operator’s stock, valued at approximately $39,000.

Other hedge funds have also modified their holdings of the company. Baldrige Asset Management LLC purchased a new position in shares of Chipotle Mexican Grill during the second quarter valued at $31,000. Heritage Wealth Advisors acquired a new stake in Chipotle Mexican Grill during the second quarter valued at $31,000. Wolverine Asset Management LLC acquired a new stake in Chipotle Mexican Grill during the first quarter valued at $41,000. Allred Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the first quarter valued at $48,000. Finally, Knuff & Co LLC acquired a new stake in Chipotle Mexican Grill during the second quarter valued at $65,000. Institutional investors and hedge funds own 90.32% of the company’s stock.

A number of research firms recently issued reports on CMG. Wedbush lifted their price objective on Chipotle Mexican Grill from $1,800.00 to $2,150.00 and gave the company an “outperform” rating in a research report on Tuesday, September 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on Chipotle Mexican Grill from $1,495.00 to $1,630.00 and gave the company a “hold” rating in a research report on Thursday, July 22nd. Cowen lifted their price objective on Chipotle Mexican Grill from $2,080.00 to $2,250.00 and gave the company an “outperform” rating in a research report on Wednesday, September 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $2,600.00 price target (up previously from $2,235.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, September 15th. They noted that the move was a valuation call. Finally, Royal Bank of Canada boosted their price target on Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 21st. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $1,819.76.

CMG traded down $35.21 on Monday, hitting $1,873.81. 6,304 shares of the stock traded hands, compared to its average volume of 277,932. Chipotle Mexican Grill, Inc. has a 52 week low of $1,172.29 and a 52 week high of $1,940.99. The firm has a market capitalization of $52.64 billion, a PE ratio of 92.85, a P/E/G ratio of 3.73 and a beta of 1.36. The business has a fifty day moving average price of $1,838.22 and a two-hundred day moving average price of $1,578.31.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Monday, July 19th. The restaurant operator reported $7.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.52 by $0.94. Chipotle Mexican Grill had a return on equity of 28.27% and a net margin of 8.57%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 38.7% compared to the same quarter last year. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 25.48 earnings per share for the current fiscal year.

In other news, Director Albert S. Baldocchi sold 263 shares of the business’s stock in a transaction that occurred on Thursday, July 22nd. The stock was sold at an average price of $1,781.68, for a total value of $468,581.84. Following the transaction, the director now directly owns 38,571 shares of the company’s stock, valued at approximately $68,721,179.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pershing Square Capital Manage bought 25,430 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, September 7th. The stock was acquired at an average cost of $1,909.68 per share, for a total transaction of $48,563,162.40. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 40,408 shares of company stock worth $72,494,297. Corporate insiders own 1.00% of the company’s stock.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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