Register Financial Advisors LLC Has $150,000 Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Register Financial Advisors LLC lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6,757.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,400 shares of the restaurant operator’s stock after acquiring an additional 2,365 shares during the quarter. Register Financial Advisors LLC’s holdings in Chipotle Mexican Grill were worth $150,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CMG. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $805,529,000. DNB Asset Management AS boosted its holdings in shares of Chipotle Mexican Grill by 5,378.1% during the 2nd quarter. DNB Asset Management AS now owns 222,685 shares of the restaurant operator’s stock valued at $13,951,000 after acquiring an additional 218,620 shares in the last quarter. Appleton Partners Inc. MA raised its position in Chipotle Mexican Grill by 4,779.9% during the 2nd quarter. Appleton Partners Inc. MA now owns 210,225 shares of the restaurant operator’s stock worth $13,171,000 after purchasing an additional 205,917 shares during the last quarter. Contravisory Investment Management Inc. raised its position in Chipotle Mexican Grill by 4,594.9% during the 2nd quarter. Contravisory Investment Management Inc. now owns 181,692 shares of the restaurant operator’s stock worth $11,383,000 after purchasing an additional 177,822 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its position in Chipotle Mexican Grill by 4,891.2% during the 2nd quarter. Gulf International Bank UK Ltd now owns 113,850 shares of the restaurant operator’s stock worth $7,132,000 after purchasing an additional 111,569 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG traded up $1.23 during midday trading on Friday, reaching $55.55. The company’s stock had a trading volume of 11,569,747 shares, compared to its average volume of 14,392,227. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26. The firm has a 50 day moving average price of $123.48 and a 200-day moving average price of $80.05. The stock has a market capitalization of $76.29 billion, a P/E ratio of 59.10, a PEG ratio of 2.23 and a beta of 1.24.

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

Analyst Ratings Changes

Several research analysts recently issued reports on CMG shares. Barclays lowered their target price on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. StockNews.com lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Wedbush lowered their price objective on Chipotle Mexican Grill from $64.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Piper Sandler lowered their price objective on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price objective on Chipotle Mexican Grill from $65.70 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.88.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.