Cadinha & Co. LLC Grows Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cadinha & Co. LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,800 shares of the restaurant operator’s stock after acquiring an additional 4,704 shares during the period. Cadinha & Co. LLC’s holdings in Chipotle Mexican Grill were worth $301,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Swedbank AB purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $53,979,000. Transform Wealth LLC raised its position in Chipotle Mexican Grill by 4,760.7% during the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock worth $597,000 after buying an additional 9,331 shares during the last quarter. First Hawaiian Bank lifted its stake in shares of 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 worth $1,074,000 after acquiring an additional 16,795 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of 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 in the last quarter. Finally, MJP Associates Inc. ADV increased its stake in shares of Chipotle Mexican Grill by 5,588.0% during the second quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator’s stock worth $802,000 after acquiring an additional 12,573 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CMG shares. Loop Capital reduced 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 research report on Thursday, July 25th. KeyCorp decreased their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Guggenheim upped their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. TD Cowen reduced their target price on Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Raymond James lowered their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $56.08 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The stock has a fifty day moving average of $120.35 and a two-hundred day moving average of $80.54. The company has a market capitalization of $76.80 billion, a PE ratio of 59.84, a price-to-earnings-growth ratio of 2.34 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results 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. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business posted $12.65 earnings per share. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Curtis E. Garner sold 17,394 shares of the company’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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.02% of the company’s stock.

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.