5,318 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Purchased by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,318 shares of the restaurant operator’s stock, valued at approximately $333,000.

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

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the business’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 completion of the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s 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 transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the sale, the insider now 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. Over the last quarter, insiders have sold 34,934 shares of company stock valued at $1,918,589. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Up 0.4 %

Shares of NYSE:CMG opened at $57.59 on Tuesday. The firm has a fifty day moving average of $54.61 and a two-hundred day moving average of $81.38. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26. The firm has a market capitalization of $79.08 billion, a P/E ratio of 61.26, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CMG. The Goldman Sachs Group cut their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Evercore ISI cut their target price on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Wedbush restated an “outperform” rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Raymond James cut their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Truist Financial reissued a “buy” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

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.