GPS Wealth Strategies Group LLC Boosts Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

GPS Wealth Strategies Group LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,104.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,550 shares of the restaurant operator’s stock after acquiring an additional 2,501 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Chipotle Mexican Grill were worth $160,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMG. Park National Corp OH boosted its position in shares of Chipotle Mexican Grill by 4,986.0% in the 2nd quarter. Park National Corp OH now owns 494,511 shares of the restaurant operator’s stock valued at $30,981,000 after purchasing an additional 484,788 shares during the period. Norges Bank purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $805,529,000. Artemis Investment Management LLP boosted its holdings 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 valued at $19,616,000 after acquiring an additional 307,365 shares during the period. Czech National Bank boosted its holdings in shares of Chipotle Mexican Grill by 5,325.0% in the second quarter. Czech National Bank now owns 261,700 shares of the restaurant operator’s stock valued at $16,396,000 after acquiring an additional 256,876 shares during the period. Finally, DNB Asset Management AS grew its position in shares of Chipotle Mexican Grill by 5,378.1% during the second quarter. DNB Asset Management AS now owns 222,685 shares of the restaurant operator’s stock worth $13,951,000 after acquiring an additional 218,620 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial reiterated a “buy” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday. Oppenheimer lowered their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Morgan Stanley upped their price objective on Chipotle Mexican Grill from $59.72 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. lifted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Finally, Stephens reissued an “equal weight” rating and issued a $61.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Trading Up 2.8 %

Shares of CMG stock traded up $1.44 during mid-day trading on Thursday, reaching $53.09. The stock had a trading volume of 10,265,834 shares, compared to its average volume of 15,055,996. The company has a market cap of $72.91 billion, a P/E ratio of 55.83, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26. The business has a 50-day simple moving average of $122.94 and a 200 day simple moving average of $80.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 firm 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 earned $12.65 EPS. The firm’s revenue was up 18.2% on a year-over-year basis. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

Chipotle Mexican Grill 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.