Parsons Capital Management Inc. RI Has $804,000 Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Parsons Capital Management Inc. RI boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,032.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,830 shares of the restaurant operator’s stock after buying an additional 12,580 shares during the period. Parsons Capital Management Inc. RI’s holdings in Chipotle Mexican Grill were worth $804,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Chipotle Mexican Grill in the second quarter valued at about $25,000. Riverview Trust Co lifted its position in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the period. Steph & Co. bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $29,000. M&R Capital Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 490 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Chipotle Mexican Grill by 9,900.0% during the second quarter. Versant Capital Management Inc now owns 500 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 495 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the 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 transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.4 %

Shares of CMG traded up $0.19 during trading hours on Tuesday, hitting $52.83. 993,997 shares of the stock traded hands, compared to its average volume of 15,132,570. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26. The firm has a market capitalization of $72.55 billion, a PE ratio of 55.99, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. The business has a fifty day moving average of $122.32 and a 200-day moving average of $80.74.

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. 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 for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the firm posted $12.65 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMG. Wells Fargo & Company lifted their price target on shares of Chipotle Mexican Grill from $65.70 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. BMO Capital Markets dropped their price target on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Wedbush raised Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $54.00 to $58.00 in a report on Wednesday, August 14th. The Goldman Sachs Group dropped their target price on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, UBS Group boosted their price target on Chipotle Mexican Grill from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $62.36.

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.