Lyell Wealth Management LP Purchases 3,785 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lyell Wealth Management LP increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,407.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,855 shares of the restaurant operator’s stock after buying an additional 3,785 shares during the period. Lyell Wealth Management LP’s holdings in Chipotle Mexican Grill were worth $242,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. J.W. Cole Advisors Inc. increased its stake in Chipotle Mexican Grill by 6,212.2% in the second quarter. J.W. Cole Advisors Inc. now owns 13,950 shares of the restaurant operator’s stock valued at $874,000 after purchasing an additional 13,729 shares in the last quarter. Alta Advisers Ltd increased its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. Alta Advisers Ltd now owns 3,650 shares of the restaurant operator’s stock valued at $229,000 after purchasing an additional 3,577 shares in the last quarter. Prosperity Consulting Group LLC increased its stake in Chipotle Mexican Grill by 5,071.4% in the second quarter. Prosperity Consulting Group LLC now owns 3,620 shares of the restaurant operator’s stock valued at $227,000 after purchasing an additional 3,550 shares in the last quarter. OV Management LLC increased its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. OV Management LLC now owns 86,500 shares of the restaurant operator’s stock valued at $5,419,000 after purchasing an additional 84,770 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Chipotle Mexican Grill by 4,397.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,667,522 shares of the restaurant operator’s stock valued at $229,770,000 after purchasing an additional 3,585,979 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $19,591,844. 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. Insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CMG. Truist Financial reaffirmed a “buy” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Stephens reissued an “equal weight” rating and set a $61.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Guggenheim boosted their target price on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Robert W. Baird decreased their target price on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Finally, Barclays decreased their target price on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Trading Down 0.4 %

Chipotle Mexican Grill stock opened at $56.12 on Monday. The firm’s 50 day simple moving average is $54.30 and its 200 day simple moving average is $81.09. The firm has a market capitalization of $77.07 billion, a PE ratio of 59.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results 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. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. Chipotle Mexican Grill’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $12.65 EPS. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

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.