Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by KG&L Capital Management LLC

KG&L Capital Management LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,391.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,806 shares of the restaurant operator’s stock after purchasing an additional 4,699 shares during the quarter. KG&L Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $301,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CMG. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $25,000. Riverview Trust Co increased its position in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the last quarter. Steph & Co. acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at $29,000. M&R Capital Management Inc. lifted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 490 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Chipotle Mexican Grill by 9,900.0% during the second quarter. Versant Capital Management Inc now owns 500 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.7 %

Shares of CMG traded up $0.37 during mid-day trading on Thursday, reaching $54.10. 2,950,949 shares of the company’s stock were exchanged, compared to its average volume of 15,127,299. Chipotle Mexican Grill, Inc. has a 52-week low of $35.37 and a 52-week high of $69.26. The company has a 50-day simple moving average of $121.91 and a two-hundred day simple moving average of $80.57. The company has a market cap of $74.30 billion, a price-to-earnings ratio of 57.49, a PEG ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly 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 company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm posted $12.65 earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current fiscal year.

Insider Activity

In related 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 sale, the insider now owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMG. TD Cowen cut their price target on Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. BMO Capital Markets cut their target price on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Argus upped their price target on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. The Goldman Sachs Group cut their price objective on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, Oppenheimer lowered their target price on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $62.36.

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.