Mercer Global Advisors Inc. ADV Has $7.39 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mercer Global Advisors Inc. ADV boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,230.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 117,915 shares of the restaurant operator’s stock after acquiring an additional 115,703 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Chipotle Mexican Grill were worth $7,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Chipotle Mexican Grill in the second quarter valued at about $25,000. Riverview Trust Co increased its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the last quarter. RiverPark Advisors LLC raised its position in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the period. Archer Investment Corp bought a new position in Chipotle Mexican Grill during the 2nd quarter worth approximately $25,000. Finally, Chilton Capital Management LLC acquired a new position in Chipotle Mexican Grill during the second quarter valued at approximately $27,000. 91.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. KeyCorp reduced their price target on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Argus boosted their price objective on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a research report on Tuesday, June 18th. TD Cowen reissued a “buy” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, September 12th. Truist Financial reaffirmed a “buy” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Finally, Robert W. Baird cut their price objective on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $62.36.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill 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 directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value 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 90 days, insiders sold 34,934 shares of company stock worth $1,918,589. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $57.23 on Friday. The stock has a 50-day simple moving average of $54.26 and a 200 day simple moving average of $80.84. The stock has a market capitalization of $78.60 billion, a P/E ratio of 60.88, a PEG ratio of 2.33 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.94 billion. During the same period in the previous year, the firm earned $12.65 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

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.