Birchcreek Wealth Management LLC Acquires 5,297 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Birchcreek Wealth Management LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,997.2% in the second quarter, HoldingsChannel reports. The firm owned 5,403 shares of the restaurant operator’s stock after purchasing an additional 5,297 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth $25,000. Riverview Trust Co raised its stake in 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 purchasing an additional 392 shares in the last quarter. RiverPark Advisors LLC grew its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares in the last quarter. Archer Investment Corp bought a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $25,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity 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 shares were 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 in the company, valued at approximately $19,591,844. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.02% of the stock is owned by insiders.

Analyst Ratings Changes

CMG has been the topic of a number of recent research reports. 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. Oppenheimer cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Robert W. Baird dropped their target price on shares of 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. Loop Capital reduced their price target on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Stock Down 0.4 %

Shares of Chipotle Mexican Grill stock opened at $53.32 on Thursday. The company has a market cap of $73.23 billion, a PE ratio of 56.72, a price-to-earnings-growth ratio of 2.34 and a beta of 1.24. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The business has a 50 day moving average price of $55.32 and a 200-day moving average price of $80.78.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the business earned $12.65 EPS. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

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.