Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Montag A & Associates Inc.

Montag A & Associates Inc. raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,600 shares of the restaurant operator’s stock after acquiring an additional 11,368 shares during the quarter. Montag A & Associates Inc.’s holdings in Chipotle Mexican Grill were worth $727,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in Chipotle Mexican Grill by 4,816.1% in the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after purchasing an additional 8,186,198 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Chipotle Mexican Grill by 4,260.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock valued at $196,241,000 after acquiring an additional 3,060,498 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Chipotle Mexican Grill by 3,988.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,996,492 shares of the restaurant operator’s stock worth $187,730,000 after purchasing an additional 2,923,203 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Chipotle Mexican Grill by 4,537.6% in the 2nd quarter. Principal Financial Group Inc. now owns 1,677,738 shares of the restaurant operator’s stock valued at $105,110,000 after purchasing an additional 1,641,561 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Chipotle Mexican Grill by 5,217.4% in the second quarter. Raymond James & Associates now owns 1,528,604 shares of the restaurant operator’s stock valued at $95,767,000 after acquiring an additional 1,499,857 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CMG shares. Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Evercore ISI cut their price objective on shares of 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. Loop Capital cut their price target on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, July 25th. Barclays dropped their target price 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. Finally, Robert W. Baird reduced their price target on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $56.08 on Monday. The firm has a market capitalization of $77.02 billion, a price-to-earnings ratio of 59.66, a price-to-earnings-growth ratio of 2.34 and a beta of 1.24. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The company has a 50 day moving average price of $120.35 and a 200 day moving average price of $80.94.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share 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 previous year, the company posted $12.65 earnings per share. Chipotle Mexican Grill’s revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is owned by corporate insiders.

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.