6,399 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,399 shares of the restaurant operator’s stock, valued at approximately $401,000.

Several other large investors have also recently added to or reduced their stakes in CMG. Vanguard Group Inc. boosted its stake in Chipotle Mexican Grill by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 2,732,471 shares of the restaurant operator’s stock worth $7,942,665,000 after purchasing an additional 25,238 shares during the period. Capital World Investors boosted its position in shares of Chipotle Mexican Grill by 0.8% in the fourth quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock worth $2,575,057,000 after acquiring an additional 8,541 shares during the last quarter. Park National Corp OH lifted its position in Chipotle Mexican Grill by 4,986.0% during the second quarter. Park National Corp OH now owns 494,511 shares of the restaurant operator’s stock valued at $30,981,000 after buying an additional 484,788 shares in the last quarter. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $805,529,000. Finally, Artemis Investment Management LLP increased its stake in shares of Chipotle Mexican Grill by 5,359.5% in the second quarter. Artemis Investment Management LLP now owns 313,100 shares of the restaurant operator’s stock worth $19,616,000 after buying an additional 307,365 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Argus boosted their price target on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. Guggenheim boosted their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday. BTIG Research boosted their price target on Chipotle Mexican Grill from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Loop Capital decreased their target price on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Stock Down 0.1 %

Chipotle Mexican Grill stock opened at $51.64 on Thursday. The company has a market capitalization of $70.92 billion, a P/E ratio of 54.94, a PEG ratio of 2.23 and a beta of 1.24. The stock’s 50 day moving average is $122.94 and its 200 day moving average is $80.42. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the business posted $12.65 EPS. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.02% of the stock is owned by insiders.

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.