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

Trueblood Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the restaurant operator’s stock after purchasing an additional 3,920 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $251,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Gilbert & Cook Inc. boosted its stake in shares of Chipotle Mexican Grill by 7.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock valued at $2,351,000 after purchasing an additional 73 shares during the period. Gryphon Financial Partners LLC boosted its position in Chipotle Mexican Grill by 55.0% in the 4th quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock valued at $780,000 after buying an additional 121 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $277,000. QRG Capital Management Inc. boosted its holdings in Chipotle Mexican Grill by 4.6% in the fourth quarter. QRG Capital Management Inc. now owns 340 shares of the restaurant operator’s stock valued at $778,000 after purchasing an additional 15 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Chipotle Mexican Grill by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 88,399 shares of the restaurant operator’s stock valued at $202,158,000 after purchasing an additional 8,458 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CMG shares. Barclays decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Guggenheim raised their price objective on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Citigroup cut their target price on shares of Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, Stephens restated an “equal weight” rating and set a $61.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $55.79 on Thursday. The stock has a market cap of $76.62 billion, a price-to-earnings ratio of 59.35, a PEG ratio of 2.24 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The business has a fifty day moving average of $54.54 and a 200-day moving average of $80.85.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the firm posted $12.65 EPS. Chipotle Mexican Grill’s revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company 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.