Resonant Capital Advisors LLC Buys 4,663 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Resonant Capital Advisors LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,359.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,750 shares of the restaurant operator’s stock after purchasing an additional 4,663 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Chipotle Mexican Grill were worth $298,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Chipotle Mexican Grill by 4,816.1% during the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after acquiring an additional 8,186,198 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased 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 worth $196,241,000 after purchasing an additional 3,060,498 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Chipotle Mexican Grill by 3,988.6% during the 2nd 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 during the last quarter. Principal Financial Group Inc. lifted its position in Chipotle Mexican Grill by 4,537.6% during 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 stake in shares of Chipotle Mexican Grill by 5,217.4% in the 2nd quarter. Raymond James & Associates now owns 1,528,604 shares of the restaurant operator’s stock valued at $95,767,000 after purchasing an additional 1,499,857 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets dropped their price target on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. Guggenheim increased their price target on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Wedbush reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, August 29th. Robert W. Baird cut their target price on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Finally, Piper Sandler reduced their target price on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $56.08 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The firm has a market capitalization of $77.02 billion, a PE ratio of 59.66, a P/E/G ratio of 2.34 and a beta of 1.24. The company’s 50-day moving average is $120.20 and its 200-day moving average is $80.96.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $12.65 earnings per share. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling

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 transaction of $951,103.92. Following the transaction, 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 is accessible through the SEC website. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Company 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.