Jackson Creek Investment Advisors LLC Buys 7,284 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Jackson Creek Investment Advisors LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3,372.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,500 shares of the restaurant operator’s stock after acquiring an additional 7,284 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $470,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Privium Fund Management UK Ltd purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth $801,000. Little House Capital LLC increased its stake in Chipotle Mexican Grill by 5,064.2% in the 2nd quarter. Little House Capital LLC now owns 29,436 shares of the restaurant operator’s stock worth $1,844,000 after acquiring an additional 28,866 shares during the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $272,000. Evermay Wealth Management LLC boosted its position in shares of Chipotle Mexican Grill by 4,535.0% during the 2nd quarter. Evermay Wealth Management LLC now owns 10,475 shares of the restaurant operator’s stock valued at $656,000 after acquiring an additional 10,249 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of Chipotle Mexican Grill by 15,733.3% during the second quarter. Tortoise Investment Management LLC now owns 950 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 944 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $53.32 on Thursday. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The company’s 50-day simple moving average is $55.32 and its 200 day simple moving average is $80.78. The firm has a market capitalization of $73.23 billion, a P/E ratio of 56.72, a PEG ratio of 2.34 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $12.65 EPS. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CMG. Stephens reiterated an “equal weight” rating and set a $61.00 target price on shares of Chipotle Mexican Grill in a research report 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 report on Wednesday, August 14th. Citigroup dropped their price target on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Oppenheimer reduced their price objective on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Argus upped their price objective on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Insider Activity

In other news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction dated 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 of the company’s stock, valued at approximately $19,591,844. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.02% of the company’s stock.

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.