Newbridge Financial Services Group Inc. Purchases 20 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Newbridge Financial Services Group Inc. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 10.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206 shares of the restaurant operator’s stock after purchasing an additional 20 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Chipotle Mexican Grill were worth $269,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CMG. Rosenberg Matthew Hamilton raised its position in Chipotle Mexican Grill by 12.6% in the second quarter. Rosenberg Matthew Hamilton now owns 116 shares of the restaurant operator’s stock worth $152,000 after acquiring an additional 13 shares during the period. IFM Investors Pty Ltd raised its position in Chipotle Mexican Grill by 14.9% in the second quarter. IFM Investors Pty Ltd now owns 4,936 shares of the restaurant operator’s stock worth $6,453,000 after acquiring an additional 639 shares during the period. Marcum Wealth LLC raised its position in Chipotle Mexican Grill by 3.5% in the second quarter. Marcum Wealth LLC now owns 449 shares of the restaurant operator’s stock worth $587,000 after acquiring an additional 15 shares during the period. Raymond James Trust N.A. raised its position in Chipotle Mexican Grill by 6.3% in the second quarter. Raymond James Trust N.A. now owns 1,115 shares of the restaurant operator’s stock worth $1,457,000 after acquiring an additional 66 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Chipotle Mexican Grill by 24.8% in the second quarter. Parkside Financial Bank & Trust now owns 126 shares of the restaurant operator’s stock worth $165,000 after acquiring an additional 25 shares during the period. 93.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 1,636 shares of Chipotle Mexican Grill stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $1,533.44, for a total transaction of $2,508,707.84. Following the completion of the sale, the insider now owns 5,258 shares of the company’s stock, valued at approximately $8,062,827.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Christopher W. Brandt sold 1,532 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $1,503.96, for a total value of $2,304,066.72. Following the sale, the chief marketing officer now directly owns 8,508 shares of the company’s stock, valued at approximately $12,795,691.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Roger E. Theodoredis sold 1,636 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $1,533.44, for a total transaction of $2,508,707.84. Following the completion of the sale, the insider now directly owns 5,258 shares in the company, valued at $8,062,827.52. The disclosure for this sale can be found here. Insiders sold 9,825 shares of company stock worth $15,603,167 in the last quarter. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of several research reports. Cowen lifted their price objective on shares of Chipotle Mexican Grill from $1,850.00 to $1,950.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group reduced their price objective on shares of Chipotle Mexican Grill from $2,100.00 to $1,900.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Barclays boosted their price target on shares of Chipotle Mexican Grill from $1,335.00 to $1,400.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 27th. Oppenheimer upped their price objective on shares of Chipotle Mexican Grill to $1,800.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Finally, Stephens began coverage on shares of Chipotle Mexican Grill in a report on Thursday. They set an “overweight” rating and a $1,900.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $1,845.14.

Chipotle Mexican Grill Trading Down 3.2 %

NYSE CMG traded down $50.75 during trading on Friday, hitting $1,537.73. 13,099 shares of the company traded hands, compared to its average volume of 210,409. The company has a market capitalization of $42.69 billion, a P/E ratio of 57.59, a PEG ratio of 2.20 and a beta of 1.30. The business has a fifty day simple moving average of $1,595.48 and a 200 day simple moving average of $1,475.85. Chipotle Mexican Grill, Inc. has a 12 month low of $1,196.28 and a 12 month high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 EPS for the quarter, topping analysts’ consensus estimates of $9.03 by $0.27. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 35.14%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the company earned $7.46 earnings per share. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 32.5 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

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Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further Reading

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

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