Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Rise Advisors LLC

Rise Advisors LLC trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148 shares of the restaurant operator’s stock after selling 6 shares during the quarter. Rise Advisors LLC’s holdings in Chipotle Mexican Grill were worth $317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Valley National Advisers Inc. boosted its position in shares of Chipotle Mexican Grill by 22.7% during the 1st quarter. Valley National Advisers Inc. now owns 27 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 5 shares in the last quarter. Citizens & Northern Corp grew its holdings in shares of Chipotle Mexican Grill by 0.4% during the first quarter. Citizens & Northern Corp now owns 1,379 shares of the restaurant operator’s stock worth $2,356,000 after buying an additional 5 shares in the last quarter. ETF Managers Group LLC grew its position in shares of Chipotle Mexican Grill by 1.3% in the first quarter. ETF Managers Group LLC now owns 455 shares of the restaurant operator’s stock valued at $777,000 after purchasing an additional 6 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Chipotle Mexican Grill by 1.7% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 355 shares of the restaurant operator’s stock worth $606,000 after acquiring an additional 6 shares during the period. Finally, Lindbrook Capital LLC grew its stake in shares of Chipotle Mexican Grill by 20.6% during the 1st quarter. Lindbrook Capital LLC now owns 41 shares of the restaurant operator’s stock valued at $70,000 after buying an additional 7 shares during the period. 91.19% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 1.2 %

Shares of NYSE:CMG traded down $23.62 during trading on Friday, reaching $1,912.50. 247,268 shares of the company traded hands, compared to its average volume of 284,788. The firm has a fifty day simple moving average of $1,956.15 and a 200 day simple moving average of $1,904.53. Chipotle Mexican Grill, Inc. has a 1-year low of $1,344.05 and a 1-year high of $2,175.01. The firm has a market cap of $52.76 billion, a P/E ratio of 47.76, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $12.65 earnings per share for the quarter, beating analysts’ consensus estimates of $12.25 by $0.40. Chipotle Mexican Grill had a net margin of 12.00% and a return on equity of 45.85%. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the firm earned $9.30 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 43.06 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, CEO Brian R. Niccol sold 1,086 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $2,138.00, for a total transaction of $2,321,868.00. Following the completion of the transaction, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $49,915,886. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,086 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $2,138.00, for a total value of $2,321,868.00. Following the completion of the sale, the chief executive officer now owns 23,347 shares in the company, valued at approximately $49,915,886. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian R. Niccol sold 1,058 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $1,928.16, for a total value of $2,039,993.28. Following the sale, the chief executive officer now owns 23,347 shares in the company, valued at $45,016,751.52. The disclosure for this sale can be found here. Insiders sold a total of 3,207 shares of company stock worth $6,434,541 in the last 90 days. 0.96% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Raymond James raised their target price on Chipotle Mexican Grill from $2,100.00 to $2,300.00 in a report on Tuesday, June 20th. Truist Financial restated a “buy” rating and set a $2,230.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday. TD Cowen cut their price target on Chipotle Mexican Grill from $2,350.00 to $2,200.00 and set an “outperform” rating on the stock in a report on Thursday, July 27th. Morgan Stanley decreased their price objective on Chipotle Mexican Grill from $2,025.00 to $2,010.00 in a report on Thursday, July 27th. Finally, Robert W. Baird lifted their target price on Chipotle Mexican Grill from $2,200.00 to $2,400.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. Eight equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $2,144.71.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.