Redhawk Wealth Advisors Inc. Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Redhawk Wealth Advisors Inc. bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,850 shares of the restaurant operator’s stock, valued at approximately $241,000.

Several other large investors also recently bought and sold shares of the business. Park National Corp OH raised its position in Chipotle Mexican Grill by 4,986.0% during the second quarter. Park National Corp OH now owns 494,511 shares of the restaurant operator’s stock valued at $30,981,000 after purchasing an additional 484,788 shares during the period. Norges Bank bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $805,529,000. Artemis Investment Management LLP raised its holdings in Chipotle Mexican Grill by 5,359.5% during the 2nd quarter. Artemis Investment Management LLP now owns 313,100 shares of the restaurant operator’s stock valued at $19,616,000 after buying an additional 307,365 shares during the period. Czech National Bank lifted its position in Chipotle Mexican Grill by 5,325.0% in the second quarter. Czech National Bank now owns 261,700 shares of the restaurant operator’s stock worth $16,396,000 after buying an additional 256,876 shares during the last quarter. Finally, DNB Asset Management AS lifted its position in Chipotle Mexican Grill by 5,378.1% in the second quarter. DNB Asset Management AS now owns 222,685 shares of the restaurant operator’s stock worth $13,951,000 after buying an additional 218,620 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG stock traded up $2.32 during trading on Thursday, hitting $53.97. 28,581,982 shares of the company traded hands, compared to its average volume of 15,172,660. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The company has a market cap of $74.12 billion, a PE ratio of 55.83, a P/E/G ratio of 2.23 and a beta of 1.24. The stock’s 50-day simple moving average is $122.94 and its 200 day simple moving average is $80.42.

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 during the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $12.65 EPS. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current year.

Analysts Set New Price Targets

CMG has been the topic of several recent analyst reports. Stephens reissued an “equal weight” rating and issued a $61.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday. Oppenheimer cut their price target on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. TD Cowen decreased their price objective on shares of Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. KeyCorp cut their target price 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. Finally, BMO Capital Markets reduced their price target on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.36.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill 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.