Versant Capital Management Inc Has $31,000 Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Versant Capital Management Inc boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9,900.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 500 shares of the restaurant operator’s stock after purchasing an additional 495 shares during the period. Versant Capital Management Inc’s holdings in Chipotle Mexican Grill were worth $31,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Steph & Co. acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $29,000. Semmax Financial Advisors Inc. grew its stake in shares of Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 9 shares during the period. Crewe Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $44,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $37,000. Finally, ICA Group Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG stock traded up $0.98 during trading hours on Wednesday, reaching $55.06. 3,175,852 shares of the stock were exchanged, compared to its average volume of 14,388,941. The firm’s 50-day moving average is $123.93 and its 200-day moving average is $80.35. The company has a market cap of $75.62 billion, a price-to-earnings ratio of 58.46, a PEG ratio of 2.23 and a beta of 1.24. 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 announced its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion during 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%. Chipotle Mexican Grill’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the company earned $12.65 EPS. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price target on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. TD Cowen reduced their price objective on Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. KeyCorp cut their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Wedbush cut their price target on Chipotle Mexican Grill from $64.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Finally, Stephens cut their price target on Chipotle Mexican Grill from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.88.

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.