118,230 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by F M Investments LLC

F M Investments LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 118,230 shares of the restaurant operator’s stock, valued at approximately $7,407,000.

Other hedge funds have also recently bought and sold shares of the company. Swedbank AB bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $53,979,000. Transform Wealth LLC boosted its stake in Chipotle Mexican Grill by 4,760.7% in the second quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after acquiring an additional 9,331 shares during the last quarter. First Hawaiian Bank grew its position in shares of Chipotle Mexican Grill by 4,731.0% during the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock valued at $1,074,000 after acquiring an additional 16,795 shares during the period. Valeo Financial Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 4,747.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock worth $1,279,000 after purchasing an additional 19,988 shares during the last quarter. Finally, MJP Associates Inc. ADV raised its holdings in shares of Chipotle Mexican Grill by 5,588.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator’s stock worth $802,000 after purchasing an additional 12,573 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 completion of the sale, 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 SEC, which is accessible through the SEC website. 1.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Robert W. Baird decreased their target price on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. BMO Capital Markets lowered their price objective on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th. Barclays reduced their target price on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Wedbush reissued an “outperform” rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Chipotle Mexican Grill in a 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Trading Up 0.8 %

Shares of CMG stock traded up $0.45 during trading hours on Friday, hitting $56.08. 12,838,738 shares of the company’s stock were exchanged, compared to its average volume of 15,073,899. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26. The company has a market capitalization of $77.02 billion, a PE ratio of 59.66, a PEG ratio of 2.23 and a beta of 1.24. The business’s 50 day simple moving average is $120.51 and its 200-day simple moving average is $80.51.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the company earned $12.65 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.09 EPS 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.