Angeles Wealth Management LLC Takes $241,000 Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Angeles Wealth Management LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, HoldingsChannel reports. The institutional investor acquired 3,850 shares of the restaurant operator’s stock, valued at approximately $241,000.

A number of other hedge funds also recently made changes to their positions in the business. Morling Financial Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 4,643.6% in the 2nd quarter. Morling Financial Advisors LLC now owns 9,250 shares of the restaurant operator’s stock valued at $580,000 after buying an additional 9,055 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $340,000. Coldstream Capital Management Inc. raised its stake in shares of Chipotle Mexican Grill by 4,540.6% in the 2nd quarter. Coldstream Capital Management Inc. now owns 25,384 shares of the restaurant operator’s stock valued at $1,590,000 after buying an additional 24,837 shares in the last quarter. Gryphon Financial Partners LLC increased its position in shares of Chipotle Mexican Grill by 3,224.5% during the 2nd quarter. Gryphon Financial Partners LLC now owns 7,314 shares of the restaurant operator’s stock worth $458,000 after purchasing an additional 7,094 shares in the last quarter. Finally, Redwood Financial Network Corp increased its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Redwood Financial Network Corp now owns 3,500 shares of the restaurant operator’s stock worth $219,000 after purchasing an additional 3,430 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling

In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill 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 of the company’s stock, valued at approximately $19,591,844. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is owned by insiders.

Analyst Ratings Changes

CMG has been the subject of a number of recent analyst reports. StockNews.com cut shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Truist Financial reiterated a “buy” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Loop Capital dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research report on Thursday, July 25th. Stifel Nicolaus reiterated a “buy” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Trading Up 2.9 %

Shares of NYSE CMG opened at $55.79 on Thursday. The firm has a market capitalization of $76.62 billion, a PE ratio of 59.35, a price-to-earnings-growth ratio of 2.24 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The firm’s 50-day moving average is $54.54 and its 200-day moving average is $80.85.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the firm earned $12.65 EPS. Chipotle Mexican Grill’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share 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.