Gateway Investment Advisers LLC Purchases 4,652 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Gateway Investment Advisers LLC grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,746.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,750 shares of the restaurant operator’s stock after acquiring an additional 4,652 shares during the period. Gateway Investment Advisers LLC’s holdings in Chipotle Mexican Grill were worth $298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Byrne Asset Management LLC lifted its position in Chipotle Mexican Grill by 11.8% during the first quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 4 shares during the period. Evermay Wealth Management LLC lifted its position in Chipotle Mexican Grill by 1.8% during the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after acquiring an additional 4 shares during the period. Peloton Wealth Strategists boosted its stake in Chipotle Mexican Grill by 0.3% during the fourth quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after acquiring an additional 4 shares in the last quarter. Hazlett Burt & Watson Inc. grew its holdings in Chipotle Mexican Grill by 19.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock worth $73,000 after purchasing an additional 4 shares during the period. Finally, Diversified Trust Co increased its stake in shares of Chipotle Mexican Grill by 0.9% during the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after purchasing an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG traded up $1.23 during mid-day trading on Friday, reaching $55.55. The company’s stock had a trading volume of 11,569,747 shares, compared to its average volume of 14,392,227. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The stock has a fifty day moving average of $123.48 and a two-hundred day moving average of $80.28. The firm has a market capitalization of $76.29 billion, a PE ratio of 59.10, a P/E/G ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping 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 business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the company posted $12.65 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Robert W. Baird upped their price target on Chipotle Mexican Grill from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Deutsche Bank Aktiengesellschaft lowered their price target on Chipotle Mexican Grill from $72.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Wells Fargo & Company increased their price objective on shares of Chipotle Mexican Grill from $65.70 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. TD Cowen decreased their target price on shares of Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Truist Financial dropped their target price on shares of Chipotle Mexican Grill from $74.00 to $69.00 and set a “buy” 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 issued a buy rating to the company. According to data from 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.