Prime Capital Investment Advisors LLC Has $3.90 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Prime Capital Investment Advisors LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7,044.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,230 shares of the restaurant operator’s stock after buying an additional 61,359 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $3,899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. lifted its holdings in Chipotle Mexican Grill by 4,732.3% during the 2nd 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 period. Bank of New York Mellon Corp lifted its stake in shares of 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 valued at $523,514,000 after purchasing an additional 8,186,198 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill by 4,565.8% in the 2nd quarter. William Blair Investment Management LLC now owns 5,078,767 shares of the restaurant operator’s stock valued at $318,185,000 after purchasing an additional 4,969,916 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 4,397.7% in 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 period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Chipotle Mexican Grill by 4,260.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock valued at $196,241,000 after purchasing an additional 3,060,498 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CMG shares. Truist Financial reissued a “buy” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Barclays dropped their price objective on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. The Goldman Sachs Group decreased their target price on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. BMO Capital Markets decreased 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 report on Thursday, July 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $62.36.

Insider Activity at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the company’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 value of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Curtis E. Garner sold 17,394 shares of the company’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 value of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the sale, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,934 shares of company stock worth $1,918,589. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 2.7 %

Shares of NYSE CMG opened at $57.66 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The stock’s 50 day moving average price is $54.26 and its 200-day moving average price is $81.12. The company has a market capitalization of $79.19 billion, a PE ratio of 61.34, a PEG ratio of 2.33 and a beta of 1.25.

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

About Chipotle Mexican Grill

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.