Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Redwood Financial Network Corp

Redwood Financial Network Corp raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% during the second quarter, HoldingsChannel.com reports. The firm owned 3,500 shares of the restaurant operator’s stock after buying an additional 3,430 shares during the period. Redwood Financial Network Corp’s holdings in Chipotle Mexican Grill were worth $219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Chipotle Mexican Grill in the second quarter worth about $25,000. Riverview Trust Co lifted its holdings in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the last quarter. RiverPark Advisors LLC lifted its holdings in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the last quarter. Archer Investment Corp acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $25,000. Finally, Chilton Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $27,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMG. Truist Financial restated a “buy” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Stifel Nicolaus restated a “buy” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Barclays dropped their price objective on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group decreased their target price on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Trading Up 1.1 %

CMG opened at $54.29 on Tuesday. The business has a 50 day moving average of $54.80 and a 200-day moving average of $81.02. The stock has a market capitalization of $74.35 billion, a price-to-earnings ratio of 57.93, a P/E/G ratio of 2.24 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 results 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. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the business posted $12.65 EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.02% of the stock is owned by corporate insiders.

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.