Profund Advisors LLC Buys 228 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Profund Advisors LLC grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 47.5% in the second quarter, HoldingsChannel.com reports. The fund owned 708 shares of the restaurant operator’s stock after acquiring an additional 228 shares during the period. Profund Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CMG. Addison Advisors LLC grew its position in shares of Chipotle Mexican Grill by 350.0% in the 1st quarter. Addison Advisors LLC now owns 18 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 14 shares during the period. IMA Wealth Inc. grew its position in shares of Chipotle Mexican Grill by 185.7% in the 1st quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 13 shares during the period. Horizon Bancorp Inc. IN grew its position in shares of Chipotle Mexican Grill by 240.0% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 17 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 12 shares during the period. Tradition Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 320.0% in the 1st quarter. Tradition Wealth Management LLC now owns 21 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 16 shares during the period. Finally, Worth Asset Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $44,000. 91.19% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $2,186.69 on Tuesday. Chipotle Mexican Grill, Inc. has a 1 year low of $1,344.05 and a 1 year high of $2,193.16. The company has a market capitalization of $60.01 billion, a price-to-earnings ratio of 51.87, a P/E/G ratio of 1.89 and a beta of 1.33. The business has a fifty day simple moving average of $1,928.96 and a two-hundred day simple moving average of $1,981.86.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Thursday, October 26th. The restaurant operator reported $11.36 earnings per share for the quarter, topping analysts’ consensus estimates of $10.46 by $0.90. Chipotle Mexican Grill had a return on equity of 45.26% and a net margin of 12.27%. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the firm earned $9.51 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 44.04 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Patricia Filikrushel sold 57 shares of Chipotle Mexican Grill stock in a transaction on Monday, November 6th. The stock was 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 owns 686 shares of the company’s stock, valued at $1,406,169.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Patricia Filikrushel sold 57 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 686 shares in the company, valued at $1,406,169.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Scott Boatwright sold 1,423 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief operating officer now owns 3,034 shares in the company, valued at approximately $6,195,488.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,642 shares of company stock valued at $9,041,139. 0.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Piper Sandler reduced their price target on Chipotle Mexican Grill from $2,075.00 to $1,981.00 in a research report on Thursday, July 27th. KeyCorp raised their price target on shares of Chipotle Mexican Grill from $2,200.00 to $2,250.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Royal Bank of Canada decreased their price target on shares of Chipotle Mexican Grill from $2,300.00 to $2,250.00 and set an “outperform” rating for the company in a research note on Thursday, July 27th. Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $2,400.00 to $2,200.00 in a research note on Thursday, July 27th. Finally, Oppenheimer decreased their price target on shares of Chipotle Mexican Grill from $2,300.00 to $2,225.00 and set an “outperform” rating for the company in a research note on Wednesday, October 4th. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $2,161.33.

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.