Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,296.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,885 shares of the restaurant operator’s stock after purchasing an additional 20,498 shares during the quarter. Parallel Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CMG. Swedbank AB purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $53,979,000. Transform Wealth LLC boosted its holdings in shares of 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 valued at $597,000 after purchasing an additional 9,331 shares during the last quarter. First Hawaiian Bank grew its stake in shares of Chipotle Mexican Grill by 4,731.0% during the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock valued at $1,074,000 after buying an additional 16,795 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Chipotle Mexican Grill by 4,747.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock worth $1,279,000 after buying an additional 19,988 shares during the period. Finally, MJP Associates Inc. ADV boosted its holdings in 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 valued at $802,000 after acquiring an additional 12,573 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 0.4 %

CMG opened at $56.12 on Monday. The business’s 50 day moving average is $54.30 and its 200-day moving average is $81.09. The stock has a market cap of $77.07 billion, a PE ratio of 59.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $12.65 EPS. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMG. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. BMO Capital Markets lowered their target price on 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. Argus boosted their price target on Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Piper Sandler lowered their price objective on shares of 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. Finally, Stifel Nicolaus restated a “buy” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Insider Activity at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the business’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 transaction of $951,103.92. Following the sale, 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 through the SEC website. In other 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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The disclosure for this sale can be found here. Insiders sold 34,934 shares of company stock worth $1,918,589 in the last 90 days. Corporate insiders own 1.02% of the company’s stock.

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.