Transform Wealth LLC Has $597,000 Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Transform Wealth LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,760.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,527 shares of the restaurant operator’s stock after acquiring an additional 9,331 shares during the quarter. Transform Wealth LLC’s holdings in Chipotle Mexican Grill were worth $597,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Park National Corp OH raised its position in shares of Chipotle Mexican Grill by 4,986.0% during the 2nd quarter. Park National Corp OH now owns 494,511 shares of the restaurant operator’s stock valued at $30,981,000 after acquiring an additional 484,788 shares during the last quarter. Norges Bank bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at about $805,529,000. Artemis Investment Management LLP lifted its stake in Chipotle Mexican Grill by 5,359.5% in the second quarter. Artemis Investment Management LLP now owns 313,100 shares of the restaurant operator’s stock valued at $19,616,000 after buying an additional 307,365 shares during the period. Czech National Bank boosted its holdings in Chipotle Mexican Grill by 5,325.0% during the second quarter. Czech National Bank now owns 261,700 shares of the restaurant operator’s stock worth $16,396,000 after buying an additional 256,876 shares during the last quarter. Finally, DNB Asset Management AS grew its position 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 worth $13,951,000 after buying an additional 218,620 shares during the period. Institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In other 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.6 %

NYSE CMG opened at $55.87 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $35.37 and a 12 month high of $69.26. The stock has a 50 day moving average of $123.37 and a 200-day moving average of $80.59. The company has a market cap of $76.73 billion, a PE ratio of 59.45, a PEG ratio of 2.23 and a beta of 1.24.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group cut their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Citigroup decreased their price target on shares of Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 25th. StockNews.com cut shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Argus lifted their target price on Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, Barclays lowered their price target on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.88.

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.