Perissos Private Wealth Management LLC Raises Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Perissos Private Wealth Management LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,862.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,002 shares of the restaurant operator’s stock after purchasing an additional 12,740 shares during the quarter. Perissos Private Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $815,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CMG. Swedbank AB acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth about $53,979,000. Transform Wealth LLC raised its holdings in shares of Chipotle Mexican Grill by 4,760.7% during the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after buying an additional 9,331 shares during the period. First Hawaiian Bank lifted its position in Chipotle Mexican Grill by 4,731.0% during the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock worth $1,074,000 after acquiring an additional 16,795 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in Chipotle Mexican Grill by 4,747.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock worth $1,279,000 after acquiring an additional 19,988 shares during the period. Finally, MJP Associates Inc. ADV grew its position in Chipotle Mexican Grill by 5,588.0% in the second quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator’s stock valued at $802,000 after acquiring an additional 12,573 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CMG. Truist Financial reissued a “buy” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Guggenheim upped their price objective on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Raymond James dropped their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Argus boosted their price target on Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, JPMorgan Chase & Co. raised their price objective on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Insider Activity at Chipotle Mexican Grill

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

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $56.12 on Monday. The firm has a market capitalization of $77.07 billion, a P/E ratio of 59.70, a P/E/G ratio of 2.33 and a beta of 1.25. The business has a 50 day simple moving average of $54.30 and a 200 day simple moving average of $81.09. 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 posted 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. 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 quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the business posted $12.65 earnings per share. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

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.