FAS Wealth Partners Inc. Purchases 4,690 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

FAS Wealth Partners Inc. raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,517.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,775 shares of the restaurant operator’s stock after acquiring an additional 4,690 shares during the period. FAS Wealth Partners Inc.’s holdings in Chipotle Mexican Grill were worth $299,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Steph & Co. bought a new stake in Chipotle Mexican Grill during the first quarter valued at about $29,000. Semmax Financial Advisors Inc. lifted 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 buying an additional 9 shares during the period. Crewe Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $44,000. ICA Group Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $37,000. Finally, Westside Investment Management Inc. bought a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $58,000. 91.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CMG. Truist Financial restated a “buy” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Oppenheimer cut their price target on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Argus raised their price target on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Evercore ISI cut their price target on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Finally, Guggenheim raised their price target on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $62.36.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The shares were 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 owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.3 %

Shares of Chipotle Mexican Grill stock traded down $0.15 during midday trading on Thursday, reaching $55.62. The company had a trading volume of 10,700,642 shares, compared to its average volume of 15,087,255. The company has a market capitalization of $76.39 billion, a price-to-earnings ratio of 59.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. The stock has a fifty day simple moving average of $120.69 and a 200 day simple moving average of $80.68. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26.

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. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the business earned $12.65 EPS. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current year.

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.