Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Lyell Wealth Management LP

Lyell Wealth Management LP grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,407.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,855 shares of the restaurant operator’s stock after acquiring an additional 3,785 shares during the period. Lyell Wealth Management LP’s holdings in Chipotle Mexican Grill were worth $242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CMG. American Century Companies Inc. lifted its position in shares of 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 valued at $1,264,109,000 after acquiring an additional 19,759,754 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Chipotle Mexican Grill by 4,816.1% during 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 acquiring an additional 8,186,198 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of 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 valued at $318,185,000 after acquiring an additional 4,969,916 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of 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 acquiring an additional 3,585,979 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Chipotle Mexican Grill by 4,260.5% during 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 acquiring an additional 3,060,498 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The sale 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 Chipotle Mexican Grill stock in a transaction 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 transaction, 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. Insiders have sold 34,934 shares of company stock valued at $1,918,589 over the last three months. 1.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent research reports. Barclays cut their price objective on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Guggenheim increased their target price on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Piper Sandler reduced their target price on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Evercore ISI reduced their target price on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Finally, Oppenheimer reduced their target price on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $56.12 on Monday. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The company has a market cap of $77.07 billion, a price-to-earnings ratio of 59.70, a P/E/G ratio of 2.33 and a beta of 1.25. The firm has a 50-day moving average of $54.30 and a 200-day moving average 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, 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 company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the firm earned $12.65 earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, sell-side analysts expect 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.