CIBC Asset Management Inc boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 4,677.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,742 shares of the restaurant operator’s stock after purchasing an additional 180,875 shares during the period. CIBC Asset Management Inc’s holdings in Chipotle Mexican Grill were worth $11,574,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC increased its stake in Chipotle Mexican Grill by 1.8% during the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after purchasing an additional 4 shares in the last quarter. Peloton Wealth Strategists increased its stake in Chipotle Mexican Grill by 0.3% during the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock valued at $3,318,000 after purchasing an additional 4 shares in the last quarter. Diversified Trust Co increased its stake in Chipotle Mexican Grill by 0.9% during the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after purchasing an additional 4 shares in the last quarter. Valley National Advisers Inc. increased its stake in Chipotle Mexican Grill by 9.8% during the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock valued at $131,000 after purchasing an additional 4 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Chipotle Mexican Grill by 19.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock worth $73,000 after acquiring an additional 4 shares during the period. 91.31% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction on Tuesday, August 6th. The shares were 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 in the company, valued at approximately $19,591,844. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.02% of the stock is owned by company insiders.
Analyst Ratings Changes
Get Our Latest Analysis on CMG
Chipotle Mexican Grill Trading Down 4.5 %
Shares of Chipotle Mexican Grill stock opened at $53.54 on Wednesday. The company has a fifty day simple moving average of $55.57 and a 200-day simple moving average of $80.97. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26. The stock has a market cap of $73.53 billion, a price-to-earnings ratio of 56.96, a PEG ratio of 2.34 and a beta of 1.24.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the business posted $12.65 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal 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.
Featured Articles
- Five stocks we like better than Chipotle Mexican Grill
- When to Sell a Stock for Profit or Loss
- 3 Small Cap Stocks That Insiders Are Buying
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Analysts Forecast Big Upside for Western Digital—Don’t Miss Out
- What Is WallStreetBets and What Stocks Are They Targeting?
- 3 Must-Own Stocks for Bullish Investors in Today’s Market
Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report).
Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.