AdvisorShares Investments LLC Has $164,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

AdvisorShares Investments LLC grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% in the second quarter, HoldingsChannel reports. The fund owned 2,650 shares of the restaurant operator’s stock after acquiring an additional 2,597 shares during the period. AdvisorShares Investments LLC’s holdings in Chipotle Mexican Grill were worth $164,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Gilbert & Cook Inc. grew its position in Chipotle Mexican Grill by 7.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock valued at $2,351,000 after purchasing an additional 73 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 55.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock worth $780,000 after buying an additional 121 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $277,000. QRG Capital Management Inc. increased its position in shares of Chipotle Mexican Grill by 4.6% in the fourth quarter. QRG Capital Management Inc. now owns 340 shares of the restaurant operator’s stock valued at $778,000 after acquiring an additional 15 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Chipotle Mexican Grill by 10.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 88,399 shares of the restaurant operator’s stock worth $202,158,000 after acquiring an additional 8,458 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CMG shares. Raymond James decreased their price target on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Wedbush restated an “outperform” rating and set a $58.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Argus lifted their price objective on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, Oppenheimer lowered their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Stock Up 2.9 %

Shares of Chipotle Mexican Grill stock opened at $55.79 on Thursday. The stock has a market capitalization of $76.62 billion, a price-to-earnings ratio of 59.35, a price-to-earnings-growth ratio of 2.24 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The company has a 50-day simple moving average of $54.54 and a two-hundred day simple moving average of $80.85.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations 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 last year, the firm earned $12.65 earnings per share. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 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 stock in a transaction 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 sale, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.