GAMMA Investing LLC Has $1.05 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

GAMMA Investing LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6,620.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,800 shares of the restaurant operator’s stock after purchasing an additional 16,550 shares during the quarter. GAMMA Investing LLC’s holdings in Chipotle Mexican Grill were worth $1,053,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Trust Co of the South boosted its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. Trust Co of the South now owns 7,500 shares of the restaurant operator’s stock valued at $470,000 after acquiring an additional 7,350 shares during the last quarter. Transcend Capital Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 18,792.7% during the 2nd quarter. Transcend Capital Advisors LLC now owns 15,492 shares of the restaurant operator’s stock valued at $971,000 after buying an additional 15,410 shares during the last quarter. Appleton Partners Inc. MA grew its stake in Chipotle Mexican Grill by 4,779.9% in the 2nd quarter. Appleton Partners Inc. MA now owns 210,225 shares of the restaurant operator’s stock valued at $13,171,000 after buying an additional 205,917 shares in the last quarter. GP Brinson Investments LLC grew its stake in Chipotle Mexican Grill by 4,900.0% during the second quarter. GP Brinson Investments LLC now owns 50,000 shares of the restaurant operator’s stock valued at $3,132,000 after acquiring an additional 49,000 shares in the last quarter. Finally, Bank of New Hampshire raised its stake in Chipotle Mexican Grill by 5,488.2% in the second quarter. Bank of New Hampshire now owns 1,900 shares of the restaurant operator’s stock valued at $119,000 after purchasing an additional 1,866 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Down 0.9 %

Shares of CMG traded down $0.45 during midday trading on Monday, reaching $52.12. 9,577,426 shares of the stock were exchanged, compared to its average volume of 14,420,429. The company has a market cap of $71.58 billion, a price-to-earnings ratio of 55.26, a P/E/G ratio of 2.23 and a beta of 1.24. The firm has a 50 day simple moving average of $124.32 and a 200-day simple moving average of $80.26. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly 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 company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the business posted $12.65 earnings per share. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CMG. JPMorgan Chase & Co. raised their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Truist Financial cut their target price on Chipotle Mexican Grill from $74.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Barclays decreased their target price 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. Wells Fargo & Company upped their price target on Chipotle Mexican Grill from $65.70 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Guggenheim upped their price objective on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.88.

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.