LGT Financial Advisors LLC Grows Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

LGT Financial Advisors LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% during the 2nd quarter, Holdings Channel reports. The fund owned 1,050 shares of the restaurant operator’s stock after purchasing an additional 1,029 shares during the quarter. LGT Financial Advisors LLC’s holdings in Chipotle Mexican Grill were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CMG. Bank of New York Mellon Corp raised its holdings in shares of Chipotle Mexican Grill by 4,816.1% during the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after acquiring an additional 8,186,198 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Chipotle Mexican Grill by 4,260.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock valued at $196,241,000 after purchasing an additional 3,060,498 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Chipotle Mexican Grill by 3,988.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,996,492 shares of the restaurant operator’s stock worth $187,730,000 after purchasing an additional 2,923,203 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Chipotle Mexican Grill by 4,947.9% during the 2nd quarter. Rhumbline Advisers now owns 2,633,801 shares of the restaurant operator’s stock worth $165,008,000 after purchasing an additional 2,581,625 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Chipotle Mexican Grill by 24,348.1% during the second quarter. National Bank of Canada FI now owns 1,974,431 shares of the restaurant operator’s stock worth $121,993,000 after purchasing an additional 1,966,355 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $53.03 on Friday. The business has a 50 day simple moving average of $55.13 and a 200-day simple moving average of $80.59. Chipotle Mexican Grill, Inc. has a 12 month low of $35.37 and a 12 month high of $69.26. The stock has a market capitalization of $72.83 billion, a PE ratio of 56.41, a price-to-earnings-growth ratio of 2.34 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. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of recent analyst reports. Raymond James decreased their price target on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Wedbush restated an “outperform” rating and set a $58.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, August 29th. Robert W. Baird dropped their price target on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $61.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.36.

Insider Activity at Chipotle Mexican Grill

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 of the company’s stock, valued at approximately $19,591,844. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.02% of the stock is owned by insiders.

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.