Claro Advisors LLC Acquires Shares of 4,105 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Claro Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,105 shares of the restaurant operator’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMG. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $25,000. Riverview Trust Co lifted its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. RiverPark Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the last quarter. Steph & Co. bought a new stake in Chipotle Mexican Grill during the first quarter worth $29,000. Finally, M&R Capital Management Inc. raised its position in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 490 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Guggenheim lifted their price objective on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Robert W. Baird cut their price target on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. StockNews.com downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Argus lifted their target price on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Finally, Truist Financial restated a “buy” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $62.36.

Chipotle Mexican Grill Trading Up 0.8 %

Shares of Chipotle Mexican Grill stock opened at $56.08 on Tuesday. The company’s 50-day moving average price is $120.20 and its 200-day moving average price is $80.96. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26. The company has a market cap of $77.02 billion, a price-to-earnings ratio of 59.66, a PEG ratio of 2.34 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the company posted $12.65 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction 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 owns 358,300 shares of the company’s stock, valued at $19,591,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.02% of the stock is currently owned by company insiders.

About Chipotle Mexican Grill

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.