SYSTM Wealth Solutions LLC Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

SYSTM Wealth Solutions LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,171.6% in the second quarter, HoldingsChannel reports. The firm owned 49,380 shares of the restaurant operator’s stock after buying an additional 48,224 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Chipotle Mexican Grill were worth $3,094,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Systematic Alpha Investments LLC grew its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. Systematic Alpha Investments LLC now owns 39,100 shares of the restaurant operator’s stock valued at $2,450,000 after buying an additional 38,318 shares during the period. Wealth Alliance grew its position in shares of Chipotle Mexican Grill by 2,568.5% during the 2nd quarter. Wealth Alliance now owns 4,750 shares of the restaurant operator’s stock valued at $298,000 after acquiring an additional 4,572 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Chipotle Mexican Grill by 4,717.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 173,272 shares of the restaurant operator’s stock worth $10,855,000 after purchasing an additional 169,675 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 10,385.4% in the 2nd quarter. Axxcess Wealth Management LLC now owns 21,600 shares of the restaurant operator’s stock worth $1,353,000 after purchasing an additional 21,394 shares in the last quarter. Finally, Clearstead Trust LLC raised its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Clearstead Trust LLC now owns 2,000 shares of the restaurant operator’s stock worth $125,000 after purchasing an additional 1,960 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on CMG shares. Argus upped their price target on Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Oppenheimer decreased their target price on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. StockNews.com downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Robert W. Baird reduced their price objective on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Finally, The Goldman Sachs Group lowered their target price on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” 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 given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.36.

Chipotle Mexican Grill Stock Up 1.5 %

Chipotle Mexican Grill stock opened at $58.50 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The company’s 50-day moving average price is $54.29 and its 200-day moving average price is $81.15. The company has a market cap of $80.34 billion, a PE ratio of 62.23, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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 company 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 revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $12.65 earnings per share. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,934 shares of company stock valued at $1,918,589. 1.02% of the stock is currently owned by insiders.

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.