Andrew Hill Investment Advisors Inc. Acquires 50,648 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Andrew Hill Investment Advisors Inc. boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,912.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 51,679 shares of the restaurant operator’s stock after buying an additional 50,648 shares during the period. Chipotle Mexican Grill makes up 2.7% of Andrew Hill Investment Advisors Inc.’s investment portfolio, making the stock its 18th largest position. Andrew Hill Investment Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $3,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swedbank AB bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at $53,979,000. Moody National Bank Trust Division increased its stake in shares of Chipotle Mexican Grill by 1.0% in the 1st quarter. Moody National Bank Trust Division now owns 490 shares of the restaurant operator’s stock worth $1,424,000 after purchasing an additional 5 shares in the last quarter. CWM LLC increased its stake in Chipotle Mexican Grill by 6,172.1% in the 2nd quarter. CWM LLC now owns 40,079 shares of the restaurant operator’s stock worth $2,511,000 after buying an additional 39,440 shares in the last quarter. Perpetual Ltd purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth $730,000. Finally, Canada Pension Plan Investment Board increased its stake in Chipotle Mexican Grill by 296.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 21,144 shares of the restaurant operator’s stock worth $61,461,000 after buying an additional 15,811 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Loop Capital dropped their price objective on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, July 25th. BTIG Research increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, April 25th. BMO Capital Markets dropped their price objective on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Argus increased their price objective on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, StockNews.com downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.88.

Chipotle Mexican Grill Stock Performance

NYSE CMG traded up $0.32 during trading on Monday, hitting $55.87. The stock had a trading volume of 10,069,162 shares, compared to its average volume of 14,364,311. The stock has a market capitalization of $76.73 billion, a price-to-earnings ratio of 59.64, a P/E/G ratio of 2.23 and a beta of 1.24. The stock has a 50 day simple moving average of $123.48 and a 200 day simple moving average of $80.52. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates 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%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company posted $12.65 earnings per share. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

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.