Chipotle Mexican Grill, Inc. (NYSE:CMG) Stake Increased by Amalgamated Bank

Amalgamated Bank increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,837.1% in the second quarter, Holdings Channel reports. The institutional investor owned 294,496 shares of the restaurant operator’s stock after acquiring an additional 288,531 shares during the quarter. Amalgamated Bank’s holdings in Chipotle Mexican Grill were worth $18,450,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CMG. Gilbert & Cook Inc. increased its stake in 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 purchasing an additional 73 shares during the last quarter. Gryphon Financial Partners LLC increased its stake in 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 purchasing an additional 121 shares during the last quarter. Gladstone Institutional Advisory LLC grew its position in shares of Chipotle Mexican Grill by 5.5% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 635 shares of the restaurant operator’s stock worth $1,452,000 after acquiring an additional 33 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of Chipotle Mexican Grill by 20.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 461 shares of the restaurant operator’s stock worth $1,054,000 after acquiring an additional 79 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Chipotle Mexican Grill by 2.2% during the fourth quarter. Wells Fargo & Company MN now owns 73,882 shares of the restaurant operator’s stock worth $168,964,000 after acquiring an additional 1,589 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Activity

In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. The disclosure for this sale can be found here. Insiders have sold 34,934 shares of company stock worth $1,918,589 in the last 90 days. Company insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wedbush restated an “outperform” rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Evercore ISI lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Stephens restated an “equal weight” rating and set a $61.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. TD Cowen restated a “buy” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, September 12th. Finally, BMO Capital Markets reduced their price objective on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Trading Up 1.5 %

NYSE CMG opened at $58.50 on Wednesday. The stock’s 50-day moving average price is $54.29 and its two-hundred day moving average price is $81.15. The company has a market cap of $80.34 billion, a PE ratio of 62.23, a PEG ratio of 2.33 and a beta of 1.25. 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 posted its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $12.65 EPS. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.