Abound Wealth Management Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Abound Wealth Management boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,016.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,200 shares of the restaurant operator’s stock after purchasing an additional 2,157 shares during the quarter. Abound Wealth Management’s holdings in Chipotle Mexican Grill were worth $138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CMG. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth about $25,000. Riverview Trust Co increased its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares in the last quarter. RiverPark Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares in the last quarter. Archer Investment Corp purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $25,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter worth approximately $27,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Guggenheim raised their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Loop Capital lowered their price target on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Thursday, July 25th. Evercore ISI cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. StockNews.com cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Finally, JPMorgan Chase & Co. increased their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares in the company, valued at $26,052,740.28. The disclosure for this sale can be found here. Insiders have sold 34,934 shares of company stock valued at $1,918,589 in the last quarter. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.4 %

Shares of NYSE CMG opened at $56.12 on Monday. The stock has a market capitalization of $77.07 billion, a PE ratio of 59.70, a PEG ratio of 2.33 and a beta of 1.25. The stock has a fifty day simple moving average of $54.30 and a 200-day simple moving average of $81.09. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.94 billion. During the same quarter in the prior year, the company earned $12.65 earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

About Chipotle Mexican Grill

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.