Railway Pension Investments Ltd Purchases 39,600 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Railway Pension Investments Ltd boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9,900.0% during the 2nd quarter, Holdings Channel reports. The fund owned 40,000 shares of the restaurant operator’s stock after buying an additional 39,600 shares during the period. Railway Pension Investments Ltd’s holdings in Chipotle Mexican Grill were worth $2,506,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $53,979,000. Transform Wealth LLC grew its holdings in shares of Chipotle Mexican Grill by 4,760.7% during the second quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after buying an additional 9,331 shares during the last quarter. First Hawaiian Bank increased its position in shares of Chipotle Mexican Grill by 4,731.0% during the second quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock worth $1,074,000 after acquiring an additional 16,795 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 4,747.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock worth $1,279,000 after acquiring an additional 19,988 shares during the last quarter. Finally, MJP Associates Inc. ADV lifted its position in Chipotle Mexican Grill by 5,588.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator’s stock valued at $802,000 after acquiring an additional 12,573 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMG. StockNews.com downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. Stephens restated an “equal weight” rating and set a $61.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. TD Cowen dropped their price target on shares of Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, Wedbush raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $54.00 to $58.00 in a research report on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock traded up $0.57 during trading hours on Tuesday, reaching $55.32. The company had a trading volume of 3,416,795 shares, compared to its average volume of 15,052,458. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The firm has a market cap of $75.97 billion, a PE ratio of 58.66, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. The business has a fifty day simple moving average of $121.19 and a 200 day simple moving average of $80.84.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company earned $12.65 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

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.