Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by MCF Advisors LLC

MCF Advisors LLC grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,525.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 450 shares of the restaurant operator’s stock after buying an additional 442 shares during the period. MCF Advisors LLC’s holdings in Chipotle Mexican Grill were worth $28,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Evermay Wealth Management LLC boosted its position in shares of Chipotle Mexican Grill by 1.8% during the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after purchasing an additional 4 shares during the period. Peloton Wealth Strategists raised its holdings in shares of Chipotle Mexican Grill by 0.3% in the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock valued at $3,318,000 after buying an additional 4 shares during the period. Hazlett Burt & Watson Inc. raised its holdings in shares of Chipotle Mexican Grill by 19.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock valued at $73,000 after buying an additional 4 shares during the period. Diversified Trust Co boosted its holdings in Chipotle Mexican Grill by 0.9% during the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after acquiring an additional 4 shares during the period. Finally, Valley National Advisers Inc. grew its position in Chipotle Mexican Grill by 9.8% in the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock valued at $131,000 after acquiring an additional 4 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG opened at $53.69 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26. The stock has a market cap of $73.74 billion, a P/E ratio of 57.12, a P/E/G ratio of 2.34 and a beta of 1.25. The stock’s 50 day simple moving average is $54.95 and its 200 day simple moving average is $80.60.

Chipotle Mexican Grill (NYSE:CMG) last announced 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 company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned $12.65 EPS. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, 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 accessible through the SEC website. 1.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CMG has been the subject of several research analyst reports. Stephens restated an “equal weight” rating and issued a $61.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Barclays dropped their price target on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. The Goldman Sachs Group lowered their target price on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Oppenheimer decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.36.

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.