HHM Wealth Advisors LLC Has $97,000 Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

HHM Wealth Advisors LLC grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,550 shares of the restaurant operator’s stock after purchasing an additional 1,519 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $97,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Evermay Wealth Management LLC grew its position in Chipotle Mexican Grill by 1.8% in the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after acquiring an additional 4 shares during the last quarter. Peloton Wealth Strategists grew its holdings in shares of Chipotle Mexican Grill by 0.3% during the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock valued at $3,318,000 after purchasing an additional 4 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of Chipotle Mexican Grill by 19.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock valued at $73,000 after purchasing an additional 4 shares during the last quarter. Diversified Trust Co increased its position in Chipotle Mexican Grill by 0.9% during the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after purchasing an additional 4 shares in the last quarter. Finally, Valley National Advisers Inc. lifted its stake in Chipotle Mexican Grill by 9.8% in the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock valued at $131,000 after purchasing an additional 4 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CMG shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Loop Capital lowered their target price on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, July 25th. The Goldman Sachs Group cut their price target on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, Piper Sandler cut their target price on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.36.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was 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 directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

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 PEG ratio of 2.24 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 52-week low of $35.37 and a 52-week high of $69.26. The stock’s 50 day moving average price is $54.54 and its two-hundred day moving average price is $80.85.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. Chipotle Mexican Grill’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $12.65 earnings per share. On average, equities research analysts forecast 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.