Old Port Advisors Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Old Port Advisors raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,256.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,678 shares of the restaurant operator’s stock after purchasing an additional 5,572 shares during the quarter. Old Port Advisors’ holdings in Chipotle Mexican Grill were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CMG. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth about $25,000. Riverview Trust Co lifted its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares in the last quarter. Steph & Co. purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth about $29,000. M&R Capital Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after buying an additional 490 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Chipotle Mexican Grill by 9,900.0% in the second quarter. Versant Capital Management Inc now owns 500 shares of the restaurant operator’s stock worth $31,000 after buying an additional 495 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

CMG stock traded down $1.50 on Friday, reaching $52.47. The company’s stock had a trading volume of 21,302,928 shares, compared to its average volume of 15,212,807. The business has a fifty day simple moving average of $122.52 and a two-hundred day simple moving average of $80.27. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26. The firm has a market cap of $72.06 billion, a PE ratio of 55.81, a PEG ratio of 2.23 and a beta of 1.24.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CMG. Wells Fargo & Company increased their price target on shares of Chipotle Mexican Grill from $65.70 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Stephens restated an “equal weight” rating and issued a $61.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday. Barclays decreased their price objective on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Wedbush upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $54.00 to $58.00 in a research report on Wednesday. Finally, Stifel Nicolaus restated a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.36.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now 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 accessible through this link. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Company 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.