Legacy Capital Group California Inc. grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 258 shares of the restaurant operator’s stock after buying an additional 6 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Chipotle Mexican Grill were worth $552,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC boosted its holdings in Chipotle Mexican Grill by 5.0% during the first quarter. Cerity Partners LLC now owns 2,910 shares of the restaurant operator’s stock worth $13,299,000 after buying an additional 138 shares in the last quarter. Simplicity Solutions LLC increased its stake in Chipotle Mexican Grill by 27.7% in the 2nd quarter. Simplicity Solutions LLC now owns 936 shares of the restaurant operator’s stock valued at $2,003,000 after purchasing an additional 203 shares in the last quarter. Van ECK Associates Corp raised its holdings in Chipotle Mexican Grill by 3.9% during the first quarter. Van ECK Associates Corp now owns 3,311 shares of the restaurant operator’s stock worth $5,656,000 after purchasing an additional 124 shares during the last quarter. Arizona State Retirement System grew its holdings in Chipotle Mexican Grill by 4.3% in the second quarter. Arizona State Retirement System now owns 7,893 shares of the restaurant operator’s stock valued at $16,883,000 after purchasing an additional 324 shares during the last quarter. Finally, Titleist Asset Management LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at $442,000. Hedge funds and other institutional investors own 91.19% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of Chipotle Mexican Grill from $2,250.00 to $2,150.00 in a research report on Thursday, July 27th. Piper Sandler cut their price objective on Chipotle Mexican Grill from $2,075.00 to $1,981.00 in a research report on Thursday, July 27th. Royal Bank of Canada reduced their target price on Chipotle Mexican Grill from $2,300.00 to $2,250.00 and set an “outperform” rating on the stock in a research note on Thursday, July 27th. Stephens reissued an “overweight” rating and set a $2,330.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, October 27th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Chipotle Mexican Grill in a research report on Thursday, October 19th. They issued a “buy” rating and a $2,375.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2,161.33.
Insider Transactions at Chipotle Mexican Grill
In related news, Director Patricia Filikrushel sold 57 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $2,049.81, for a total transaction of $116,839.17. Following the completion of the sale, the director now directly owns 686 shares of the company’s stock, valued at approximately $1,406,169.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Patricia Filikrushel sold 57 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $2,049.81, for a total value of $116,839.17. Following the completion of the transaction, the director now owns 686 shares of the company’s stock, valued at $1,406,169.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Scott Boatwright sold 1,423 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $2,042.02, for a total value of $2,905,794.46. Following the sale, the chief operating officer now owns 3,034 shares in the company, valued at $6,195,488.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,642 shares of company stock valued at $9,041,139. Corporate insiders own 0.96% of the company’s stock.
Chipotle Mexican Grill Stock Performance
Chipotle Mexican Grill stock traded down $10.88 during trading on Friday, reaching $2,162.22. 139,555 shares of the company’s stock were exchanged, compared to its average volume of 278,498. The company’s 50-day moving average is $1,924.20 and its two-hundred day moving average is $1,981.82. Chipotle Mexican Grill, Inc. has a 52-week low of $1,344.05 and a 52-week high of $2,177.77. The firm has a market cap of $59.33 billion, a price-to-earnings ratio of 51.27, a PEG ratio of 1.89 and a beta of 1.33.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its earnings results on Thursday, October 26th. The restaurant operator reported $11.36 EPS for the quarter, beating the consensus estimate of $10.46 by $0.90. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.47 billion. Chipotle Mexican Grill had a return on equity of 45.26% and a net margin of 12.27%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the business posted $9.51 EPS. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 44.04 EPS 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 offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.
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