Catalyst Financial Partners LLC Increases Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Catalyst Financial Partners LLC grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,015.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,781 shares of the restaurant operator’s stock after purchasing an additional 5,668 shares during the period. Catalyst Financial Partners LLC’s holdings in Chipotle Mexican Grill were worth $362,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Chipotle Mexican Grill during the 2nd quarter valued at approximately $25,000. Riverview Trust Co grew its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. Steph & Co. bought a new stake in Chipotle Mexican Grill in the first quarter worth $29,000. M&R Capital Management Inc. raised its stake in Chipotle Mexican Grill by 4,900.0% during the second quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 490 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in Chipotle Mexican Grill by 9,900.0% during the second quarter. Versant Capital Management Inc now owns 500 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 495 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Stock Up 1.4 %

Chipotle Mexican Grill stock traded up $0.75 during mid-day trading on Monday, reaching $54.46. 7,960,513 shares of the company’s stock were exchanged, compared to its average volume of 15,097,476. The company has a fifty day moving average of $121.44 and a 200-day moving average of $80.82. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The company has a market cap of $74.79 billion, a P/E ratio of 58.05, a P/E/G ratio of 2.23 and a beta of 1.24.

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

Analyst Ratings Changes

Several analysts have recently issued reports on CMG shares. StockNews.com cut shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Citigroup decreased their price objective on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. BMO Capital Markets lowered their price target on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Finally, Guggenheim boosted their price objective on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill 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.