Zega Financial LLC Acquires 14,666 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Zega Financial LLC lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,164.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,950 shares of the restaurant operator’s stock after purchasing an additional 14,666 shares during the period. Zega Financial LLC’s holdings in Chipotle Mexican Grill were worth $937,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CMG. American Century Companies Inc. increased its position in Chipotle Mexican Grill by 4,732.3% in the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after buying an additional 19,759,754 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after acquiring an additional 10,139,174 shares during the period. Bank of New York Mellon Corp lifted its holdings in Chipotle Mexican Grill by 4,816.1% during the second 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 purchasing an additional 8,186,198 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Chipotle Mexican Grill by 4,565.8% in the second quarter. William Blair Investment Management LLC now owns 5,078,767 shares of the restaurant operator’s stock worth $318,185,000 after purchasing an additional 4,969,916 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Chipotle Mexican Grill by 5,583.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,043,441 shares of the restaurant operator’s stock worth $315,966,000 after purchasing an additional 4,954,696 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $58.50 on Wednesday. The firm has a market capitalization of $80.34 billion, a price-to-earnings ratio of 62.23, a PEG ratio of 2.33 and a beta of 1.25. The business has a 50 day simple moving average of $54.29 and a 200-day simple moving average of $81.15. 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 issued its quarterly 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 the consensus estimate of $2.94 billion. During the same period last year, the company earned $12.65 earnings per share. Chipotle Mexican Grill’s revenue was up 18.2% on a year-over-year basis. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling

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. In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated 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 directly owns 473,514 shares in the company, valued at $26,052,740.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,934 shares of company stock valued at $1,918,589. Company insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the subject of several recent analyst reports. Robert W. Baird dropped their target price on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. BMO Capital Markets cut their target price on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Oppenheimer lowered their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Wedbush reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Finally, Stephens reissued an “equal weight” rating and issued a $61.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $62.36.

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.