LGT Group Foundation Purchases 142,920 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

LGT Group Foundation grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6,871.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,000 shares of the restaurant operator’s stock after acquiring an additional 142,920 shares during the quarter. LGT Group Foundation’s holdings in Chipotle Mexican Grill were worth $9,084,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMG. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $25,000. Riverview Trust Co grew its holdings in Chipotle Mexican Grill by 4,900.0% during 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. RiverPark Advisors LLC grew its holdings in Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares in the last quarter. Archer Investment Corp bought a new stake in Chipotle Mexican Grill during the second quarter worth $25,000. Finally, Chilton Capital Management LLC bought a new stake in Chipotle Mexican Grill during the second quarter worth $27,000. Institutional investors own 91.31% of the company’s stock.

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 dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the sale, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Oppenheimer decreased their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Wedbush reiterated an “outperform” rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Raymond James reduced their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. TD Cowen reduced their price objective 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. Finally, Guggenheim upped their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Stock Up 1.8 %

CMG traded up $0.94 during trading on Monday, reaching $54.62. 1,116,350 shares of the company were exchanged, compared to its average volume of 14,923,271. The company’s 50-day moving average is $54.95 and its two-hundred day moving average is $81.01. The company has a market cap of $74.80 billion, a price-to-earnings ratio of 57.28, a P/E/G ratio of 2.24 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26.

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, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $12.65 EPS. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

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.