Evergreen Capital Management LLC Buys 4,914 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Evergreen Capital Management LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,714.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,000 shares of the restaurant operator’s stock after purchasing an additional 4,914 shares during the quarter. Evergreen Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its stake in Chipotle Mexican Grill by 4,732.3% in the 2nd quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after buying an additional 19,759,754 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Chipotle Mexican Grill by 5,930.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after purchasing an additional 10,139,174 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Chipotle Mexican Grill by 4,816.1% in 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 purchasing an additional 8,186,198 shares during the period. William Blair Investment Management LLC lifted its position in shares of Chipotle Mexican Grill by 4,565.8% during the 2nd 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 last quarter. Finally, Renaissance Technologies LLC boosted its stake in Chipotle Mexican Grill by 3,304.6% during the 2nd quarter. Renaissance Technologies LLC now owns 5,078,100 shares of the restaurant operator’s stock valued at $318,143,000 after purchasing an additional 4,928,945 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insiders Place Their Bets

In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,934 shares of company stock valued at $1,918,589. Insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of a number of research analyst reports. Wedbush reiterated an “outperform” rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Guggenheim increased their price target on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. The Goldman Sachs Group decreased 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. Robert W. Baird cut their price objective on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Finally, Loop Capital decreased their target price on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” 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 given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $57.34 on Friday. The stock’s 50 day simple moving average is $54.45 and its 200 day simple moving average is $80.96. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The firm has a market cap of $78.53 billion, a PE ratio of 61.44, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates 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 company posted $12.65 earnings per share. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current 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.