Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7,806.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,479 shares of the restaurant operator’s stock after buying an additional 3,435 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Chipotle Mexican Grill were worth $218,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CMG. Bank of New York Mellon Corp grew its holdings 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 worth $523,514,000 after acquiring an additional 8,186,198 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in 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 worth $196,241,000 after purchasing an additional 3,060,498 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Chipotle Mexican Grill by 3,988.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,996,492 shares of the restaurant operator’s stock worth $187,730,000 after buying an additional 2,923,203 shares during the period. Vanguard Group Inc. lifted its stake in Chipotle Mexican Grill by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,732,471 shares of the restaurant operator’s stock valued at $7,942,665,000 after buying an additional 25,238 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Chipotle Mexican Grill by 4,947.9% during the second quarter. Rhumbline Advisers now owns 2,633,801 shares of the restaurant operator’s stock valued at $165,008,000 after buying an additional 2,581,625 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Argus boosted their price target on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. Wedbush reissued an “outperform” rating and set a $58.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, August 29th. 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. Truist Financial reiterated a “buy” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Finally, Raymond James dropped their price target on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $53.68 on Friday. The business’s 50-day simple moving average is $54.95 and its 200-day simple moving average is $80.80. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The firm has a market cap of $73.72 billion, a price-to-earnings ratio of 57.11, a P/E/G ratio of 2.34 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results 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 company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company posted $12.65 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current 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.