Graypoint LLC Purchases 7,842 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Graypoint LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,963.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,000 shares of the restaurant operator’s stock after buying an additional 7,842 shares during the quarter. Graypoint LLC’s holdings in Chipotle Mexican Grill were worth $501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of 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 worth $523,514,000 after buying an additional 8,186,198 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Chipotle Mexican Grill by 4,260.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock valued at $196,241,000 after acquiring an additional 3,060,498 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Chipotle Mexican Grill by 3,988.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,996,492 shares of the restaurant operator’s stock valued at $187,730,000 after purchasing an additional 2,923,203 shares during the period. Principal Financial Group Inc. boosted its position in shares of Chipotle Mexican Grill by 4,537.6% in the 2nd quarter. Principal Financial Group Inc. now owns 1,677,738 shares of the restaurant operator’s stock worth $105,110,000 after purchasing an additional 1,641,561 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Chipotle Mexican Grill by 5,217.4% during the second quarter. Raymond James & Associates now owns 1,528,604 shares of the restaurant operator’s stock worth $95,767,000 after purchasing an additional 1,499,857 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

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 shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CMG. BMO Capital Markets decreased 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Evercore ISI cut their target price on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. StockNews.com lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Finally, Stephens reaffirmed an “equal weight” rating and set a $61.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Ten equities 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 has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Stock Performance

CMG opened at $56.08 on Monday. The business’s 50-day simple moving average is $120.35 and its 200 day simple moving average is $80.94. Chipotle Mexican Grill, Inc. has a 52-week low of $35.37 and a 52-week high of $69.26. The firm has a market capitalization of $77.02 billion, a PE ratio of 59.66, a PEG ratio of 2.34 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion during 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 firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $12.65 EPS. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current 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.