Clearstead Trust LLC Buys 1,960 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Clearstead Trust LLC grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the restaurant operator’s stock after acquiring an additional 1,960 shares during the quarter. Clearstead Trust LLC’s holdings in Chipotle Mexican Grill were worth $125,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Monetta Financial Services Inc. bought a new position in shares of Chipotle Mexican Grill during the second quarter valued at $940,000. Virtu Financial LLC lifted its holdings in shares of Chipotle Mexican Grill by 1,403.0% during the second quarter. Virtu Financial LLC now owns 49,373 shares of the restaurant operator’s stock valued at $3,093,000 after purchasing an additional 46,088 shares in the last quarter. Stock Yards Bank & Trust Co. lifted its holdings in shares of Chipotle Mexican Grill by 5,117.4% during the second quarter. Stock Yards Bank & Trust Co. now owns 4,800 shares of the restaurant operator’s stock valued at $301,000 after purchasing an additional 4,708 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Chipotle Mexican Grill by 3,447.7% during the second quarter. Edgestream Partners L.P. now owns 5,428 shares of the restaurant operator’s stock valued at $340,000 after purchasing an additional 5,275 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in shares of Chipotle Mexican Grill by 9,674.0% during the second quarter. Moors & Cabot Inc. now owns 17,300 shares of the restaurant operator’s stock valued at $1,084,000 after purchasing an additional 17,123 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CMG. Robert W. Baird lowered their price target on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Truist Financial reissued a “buy” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Wedbush reissued an “outperform” rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Finally, KeyCorp lowered their target price on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $62.36.

Insider Activity

In other news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s 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 sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the sale, the insider now directly owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The disclosure for this sale can be found here. Insiders sold 34,934 shares of company stock valued at $1,918,589 in the last ninety days. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 2.7 %

Shares of Chipotle Mexican Grill stock opened at $57.66 on Tuesday. The stock has a 50 day moving average of $54.26 and a 200 day moving average of $81.12. Chipotle Mexican Grill, Inc. has a 12 month low of $35.37 and a 12 month high of $69.26. The firm has a market cap of $79.19 billion, a PE ratio of 61.34, a PEG ratio of 2.33 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the company earned $12.65 EPS. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

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.