Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Raised by Avitas Wealth Management LLC

Avitas Wealth Management LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,224.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,635 shares of the restaurant operator’s stock after purchasing an additional 49,684 shares during the period. Avitas Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $3,172,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMG. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Chipotle Mexican Grill during the second quarter worth approximately $25,000. Riverview Trust Co increased its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares in the last quarter. Steph & Co. bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at $29,000. M&R Capital Management Inc. increased its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 490 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Chipotle Mexican Grill by 9,900.0% in the second quarter. Versant Capital Management Inc now owns 500 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 495 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley upped their price target on Chipotle Mexican Grill from $59.72 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upped their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. BMO Capital Markets cut their target price on shares of 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. Stephens restated an “equal weight” rating and issued a $61.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.36.

Chipotle Mexican Grill Trading Up 0.5 %

Chipotle Mexican Grill stock traded up $0.27 during mid-day trading on Friday, hitting $53.72. 9,913,088 shares of the company’s stock were exchanged, compared to its average volume of 15,141,147. The stock has a market cap of $73.78 billion, a P/E ratio of 57.15, a P/E/G ratio of 2.23 and a beta of 1.24. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26. The stock has a 50 day moving average of $121.44 and a two-hundred day moving average of $80.41.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the business posted $12.65 earnings per share. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related 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 $19,591,844. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.02% of the stock is owned by corporate insiders.

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.