Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Alta Advisers Ltd

Alta Advisers Ltd increased its position in shares of 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. The fund owned 3,650 shares of the restaurant operator’s stock after purchasing an additional 3,577 shares during the period. Alta Advisers Ltd’s holdings in Chipotle Mexican Grill were worth $229,000 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. increased its position in shares of Chipotle Mexican Grill by 7.6% during the fourth quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock valued at $2,351,000 after acquiring an additional 73 shares during the last quarter. Gryphon Financial Partners LLC increased its position in shares of Chipotle Mexican Grill by 55.0% during the fourth quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock valued at $780,000 after acquiring an additional 121 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $277,000. QRG Capital Management Inc. increased its position in shares of Chipotle Mexican Grill by 4.6% during the fourth quarter. QRG Capital Management Inc. now owns 340 shares of the restaurant operator’s stock valued at $778,000 after acquiring an additional 15 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Chipotle Mexican Grill by 0.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,002 shares of the restaurant operator’s stock valued at $2,292,000 after acquiring an additional 9 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,934 shares of company stock valued at $1,918,589. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $56.12 on Friday. The stock has a market capitalization of $76.85 billion, a P/E ratio of 59.88, a P/E/G ratio of 2.33 and a beta of 1.25. The company’s fifty day moving average is $54.30 and its two-hundred day moving average is $80.70. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. Chipotle Mexican Grill’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company posted $12.65 EPS. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CMG shares. StockNews.com lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. TD Cowen reissued a “buy” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday. KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Finally, Loop Capital lowered 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 note on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill 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.