Jeppson Wealth Management LLC Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Jeppson Wealth Management LLC boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,550 shares of the restaurant operator’s stock after purchasing an additional 7,399 shares during the period. Jeppson Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in Chipotle Mexican Grill by 4,816.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after acquiring an additional 8,186,198 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Chipotle Mexican Grill by 4,260.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock worth $196,241,000 after purchasing an additional 3,060,498 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Chipotle Mexican Grill by 3,988.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,996,492 shares of the restaurant operator’s stock worth $187,730,000 after buying an additional 2,923,203 shares during the period. Rhumbline Advisers lifted its holdings in Chipotle Mexican Grill by 4,947.9% during the 2nd quarter. Rhumbline Advisers now owns 2,633,801 shares of the restaurant operator’s stock valued at $165,008,000 after buying an additional 2,581,625 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in Chipotle Mexican Grill by 24,348.1% in the 2nd quarter. National Bank of Canada FI now owns 1,974,431 shares of the restaurant operator’s stock valued at $121,993,000 after buying an additional 1,966,355 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CMG. Loop Capital reduced 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 research report on Thursday, July 25th. Barclays reduced their price objective on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. BMO Capital Markets dropped their price target 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. Stephens restated an “equal weight” rating and set a $61.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Finally, Evercore ISI lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $62.36.

Chipotle Mexican Grill Trading Up 2.4 %

Shares of NYSE CMG traded up $1.28 during midday trading on Friday, reaching $54.31. The company had a trading volume of 1,166,944 shares, compared to its average volume of 14,933,302. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The business’s 50-day simple moving average is $55.13 and its 200 day simple moving average is $80.59. The stock has a market cap of $74.59 billion, a P/E ratio of 57.65, a P/E/G ratio of 2.34 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) 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 analyst estimates of $2.94 billion. During the same quarter last year, the business posted $12.65 EPS. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on 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 owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a filing with the SEC, which is available through this link. Company 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.