Clearstead Trust LLC Boosts Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Clearstead Trust LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,000 shares of the restaurant operator’s stock after acquiring an additional 1,960 shares during the quarter. Clearstead Trust LLC’s holdings in Chipotle Mexican Grill were worth $125,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CMG. American Century Companies Inc. boosted 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. Massachusetts Financial Services Co. MA boosted its position in shares of Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after acquiring an additional 10,139,174 shares during the last quarter. Bank of New York Mellon Corp boosted 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 boosted 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. Finally, Dimensional Fund Advisors LP boosted its position in shares of Chipotle Mexican Grill by 5,583.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,043,441 shares of the restaurant operator’s stock valued at $315,966,000 after acquiring an additional 4,954,696 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG opened at $57.66 on Tuesday. Chipotle Mexican Grill, Inc. has a 52-week low of $35.37 and a 52-week high of $69.26. The stock has a market capitalization of $79.19 billion, a PE ratio of 61.34, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25. The stock’s 50 day moving average price is $54.26 and its 200-day moving average price is $81.12.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion for 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 period in the previous year, the firm earned $12.65 earnings per share. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Curtis E. Garner sold 17,394 shares of the company’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 sale, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a legal filing 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 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 sale, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The disclosure for this sale can be found here. Insiders have sold a total of 34,934 shares of company stock valued at $1,918,589 over the last ninety days. Company insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CMG shares. BMO Capital Markets dropped their price target 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. Piper Sandler dropped their target price on 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Stephens restated an “equal weight” rating and issued a $61.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group dropped 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. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $62.36.

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.