Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,071.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,620 shares of the restaurant operator’s stock after acquiring an additional 3,550 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Chipotle Mexican Grill were worth $227,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of Chipotle Mexican Grill by 4,732.3% in the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after buying an additional 19,759,754 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Chipotle Mexican Grill by 4,816.1% in the 2nd 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. William Blair Investment Management LLC lifted its position in Chipotle Mexican Grill by 4,565.8% during the 2nd quarter. William Blair Investment Management LLC now owns 5,078,767 shares of the restaurant operator’s stock worth $318,185,000 after acquiring an additional 4,969,916 shares during the period. Envestnet Asset Management Inc. grew its stake in Chipotle Mexican Grill by 4,397.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,667,522 shares of the restaurant operator’s stock valued at $229,770,000 after purchasing an additional 3,585,979 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of 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 last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 0.4 %

CMG opened at $56.12 on Monday. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The company 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. The company has a 50-day moving average price of $54.30 and a 200 day moving average price of $81.09.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CMG shares. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Wedbush reiterated an “outperform” rating and issued a $58.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, August 29th. Robert W. Baird decreased their target price on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. JPMorgan Chase & Co. increased their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Finally, Loop Capital reduced their price objective on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now directly owns 473,514 shares in the company, valued at $26,052,740.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,934 shares of company stock valued at $1,918,589. 1.02% of the stock is owned by 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.