Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,951.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,497 shares of the restaurant operator’s stock after buying an additional 11,307 shares during the period. Valley Wealth Managers Inc.’s holdings in Chipotle Mexican Grill were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Steph & Co. purchased a new stake in Chipotle Mexican Grill during the 1st quarter worth about $29,000. Semmax Financial Advisors Inc. boosted its position in Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 9 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter worth about $44,000. ICA Group Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $37,000. Finally, Westside Investment Management Inc. bought a new position in shares of Chipotle Mexican Grill during the first quarter worth about $58,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CMG shares. Evercore ISI reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Barclays reduced their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Citigroup reduced their price target on shares of Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Wedbush reaffirmed an “outperform” rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Finally, The Goldman Sachs Group reduced their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’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 in the company, valued at approximately $2,340,333.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, September 12th. The stock was 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 in the company, valued at approximately $2,340,333.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 completion of the sale, the insider now directly 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. Insiders sold 34,934 shares of company stock valued at $1,918,589 over the last three months. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $56.12 on Friday. The firm’s 50 day simple moving average is $54.30 and its 200-day simple moving average is $80.70. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The company has a market cap of $76.85 billion, a P/E ratio of 59.88, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released 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 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 analyst estimates of $2.94 billion. During the same quarter in the prior year, the company earned $12.65 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

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.