1834 Investment Advisors Co. Purchases 3,675 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

1834 Investment Advisors Co. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% during the 2nd quarter, Holdings Channel reports. The firm owned 3,750 shares of the restaurant operator’s stock after acquiring an additional 3,675 shares during the period. 1834 Investment Advisors Co.’s holdings in Chipotle Mexican Grill were worth $235,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CMG. Steph & Co. bought a new position in shares of Chipotle Mexican Grill during the first quarter worth $29,000. Semmax Financial Advisors Inc. raised its stake in shares of Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 9 shares during the period. Crewe Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $44,000. ICA Group Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $37,000. Finally, Westside Investment Management Inc. purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth about $58,000. 91.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on CMG shares. Stephens restated an “equal weight” rating and issued a $61.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Citigroup lowered their price objective on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Loop Capital decreased their target price on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research report on Thursday, July 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Stock Up 0.4 %

CMG stock traded up $0.20 during trading on Thursday, reaching $55.97. 1,763,755 shares of the company’s stock were exchanged, compared to its average volume of 15,033,760. 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 cap of $76.87 billion, a PE ratio of 59.74, a P/E/G ratio of 2.23 and a beta of 1.24. The company’s fifty day moving average price is $120.69 and its 200-day moving average price is $80.68.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm earned $12.65 EPS. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.02% of the company’s stock.

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.