Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6,003.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,226 shares of the restaurant operator’s stock after buying an additional 6,124 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Chipotle Mexican Grill were worth $390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in Chipotle Mexican Grill by 4,260.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock worth $196,241,000 after purchasing an additional 3,060,498 shares in the last quarter. Vanguard Group Inc. grew its holdings in Chipotle Mexican Grill by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 2,732,471 shares of the restaurant operator’s stock valued at $7,942,665,000 after buying an additional 25,238 shares during the period. Raymond James & Associates grew its holdings in Chipotle Mexican Grill by 5,217.4% in the 2nd quarter. Raymond James & Associates now owns 1,528,604 shares of the restaurant operator’s stock valued at $95,767,000 after buying an additional 1,499,857 shares during the period. Capital World Investors grew its holdings in Chipotle Mexican Grill by 0.8% in the 4th quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock valued at $2,575,057,000 after buying an additional 8,541 shares during the period. Finally, Swedbank AB grew its holdings in Chipotle Mexican Grill by 5,270.8% in the 2nd quarter. Swedbank AB now owns 997,350 shares of the restaurant operator’s stock valued at $62,484,000 after buying an additional 978,780 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock traded up $1.71 during trading on Wednesday, hitting $53.65. The stock had a trading volume of 4,244,095 shares, compared to its average volume of 15,138,865. The firm has a market cap of $73.68 billion, a P/E ratio of 57.07, a PEG ratio of 2.23 and a beta of 1.24. The business has a fifty day moving average of $122.11 and a two-hundred day moving average of $80.76. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week 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 business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $12.65 earnings per share. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on CMG. Evercore ISI lowered their price target on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Raymond James decreased their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Loop Capital decreased their target price on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. Finally, Morgan Stanley boosted their target price on Chipotle Mexican Grill from $59.72 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $62.36.

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.