Western Wealth Management LLC Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Western Wealth Management LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8,919.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,058 shares of the restaurant operator’s stock after acquiring an additional 26,758 shares during the quarter. Western Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $1,695,000 at the end of the most recent quarter.

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

Insider Activity

In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s 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 transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CMG. KeyCorp dropped their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Piper Sandler lowered their target price on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Argus boosted their price target on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Wedbush upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $54.00 to $58.00 in a research report on Wednesday, August 14th. Finally, Barclays decreased their price objective on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Trading Down 0.9 %

Shares of CMG stock traded down $0.47 during trading hours on Monday, reaching $52.00. 3,371,730 shares of the company’s stock were exchanged, compared to its average volume of 15,138,533. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The stock has a market cap of $71.41 billion, a PE ratio of 55.82, a PEG ratio of 2.23 and a beta of 1.24. The stock’s fifty day moving average price is $122.52 and its two-hundred day moving average price is $80.72.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (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 firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the business posted $12.65 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 EPS 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.