Nisa Investment Advisors LLC Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nisa Investment Advisors LLC increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,165.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 465,354 shares of the restaurant operator’s stock after purchasing an additional 456,516 shares during the period. Nisa Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $29,154,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Steph & Co. purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $29,000. Semmax Financial Advisors Inc. lifted its position in Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after buying an additional 9 shares during the last quarter. Crewe Advisors LLC purchased a new position in Chipotle Mexican Grill during the first quarter worth $44,000. ICA Group Wealth Management LLC bought a new position in Chipotle Mexican Grill during the fourth quarter valued at $37,000. Finally, Westside Investment Management Inc. bought a new position in Chipotle Mexican Grill during the first quarter valued at $58,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CMG shares. Wells Fargo & Company lifted their price target on shares of Chipotle Mexican Grill from $65.70 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Oppenheimer cut their target price on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Argus raised their price target on Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Morgan Stanley boosted their price objective on Chipotle Mexican Grill from $59.72 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, KeyCorp reduced their target price on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Stock Up 0.1 %

Shares of CMG traded up $0.06 during trading hours on Monday, reaching $52.53. 13,438,237 shares of the company traded hands, compared to its average volume of 15,201,845. The stock has a market capitalization of $72.14 billion, a P/E ratio of 55.44, a P/E/G ratio of 2.23 and a beta of 1.24. The business has a fifty day moving average price of $122.52 and a 200-day moving average price of $80.72. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the business earned $12.65 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.02% of the stock is owned by corporate insiders.

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.