PFG Investments LLC Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

PFG Investments LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8,412.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,750 shares of the restaurant operator’s stock after acquiring an additional 27,424 shares during the quarter. PFG Investments LLC’s holdings in Chipotle Mexican Grill were worth $1,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Gilbert & Cook Inc. raised its position in Chipotle Mexican Grill by 7.6% during the 4th quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock valued at $2,351,000 after purchasing an additional 73 shares during the last quarter. Gryphon Financial Partners LLC raised its position in Chipotle Mexican Grill by 55.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock valued at $780,000 after purchasing an additional 121 shares during the last quarter. Principal Securities Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter valued at approximately $277,000. QRG Capital Management Inc. raised its position in Chipotle Mexican Grill by 4.6% during the 4th quarter. QRG Capital Management Inc. now owns 340 shares of the restaurant operator’s stock valued at $778,000 after purchasing an additional 15 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Chipotle Mexican Grill by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 88,399 shares of the restaurant operator’s stock valued at $202,158,000 after purchasing an additional 8,458 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. StockNews.com lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. 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. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Finally, Evercore ISI decreased their target price on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Ten equities 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, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $62.36.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the 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 sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.1 %

CMG stock opened at $54.29 on Tuesday. The business has a 50 day moving average of $54.80 and a 200 day moving average of $81.02. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The firm has a market cap of $74.35 billion, a PE ratio of 57.93, a price-to-earnings-growth ratio of 2.24 and a beta of 1.25.

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. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business posted $12.65 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal 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.