Westside Investment Management Inc. Boosts Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Westside Investment Management Inc. boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% in the 2nd quarter, Holdings Channel reports. The firm owned 1,000 shares of the restaurant operator’s stock after acquiring an additional 980 shares during the quarter. Westside Investment Management Inc.’s holdings in Chipotle Mexican Grill were worth $63,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMG. Swedbank AB acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $53,979,000. Transform Wealth LLC grew its position in Chipotle Mexican Grill by 4,760.7% in the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after buying an additional 9,331 shares during the last quarter. First Hawaiian Bank grew its position in Chipotle Mexican Grill by 4,731.0% in the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock valued at $1,074,000 after buying an additional 16,795 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in Chipotle Mexican Grill by 4,747.7% in the second quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock valued at $1,279,000 after acquiring an additional 19,988 shares during the period. Finally, MJP Associates Inc. ADV lifted its holdings in Chipotle Mexican Grill by 5,588.0% in the second quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator’s stock valued at $802,000 after acquiring an additional 12,573 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CMG. TD Cowen cut their price target on Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Stifel Nicolaus restated a “buy” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday. Guggenheim upped their target price on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. KeyCorp cut their price target on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Loop Capital dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a report 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’s stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $62.36.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were 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 in the company, valued at approximately $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.3 %

Shares of CMG stock traded down $1.26 during trading hours on Friday, hitting $52.71. 13,604,194 shares of the company’s stock traded hands, compared to its average volume of 15,162,535. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26. The stock has a market cap of $72.39 billion, a price-to-earnings ratio of 56.72, a PEG ratio of 2.23 and a beta of 1.24. The stock’s fifty day simple moving average is $122.74 and its two-hundred day simple moving average is $80.24.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the firm posted $12.65 EPS. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current fiscal 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.