Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Increased by Parallel Advisors LLC

Parallel Advisors LLC lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,296.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,885 shares of the restaurant operator’s stock after acquiring an additional 20,498 shares during the period. Parallel Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,308,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Steph & Co. purchased a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $29,000. Semmax Financial Advisors Inc. boosted its position in shares of Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after buying an additional 9 shares during the period. Crewe Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at $44,000. ICA Group Wealth Management LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at $37,000. Finally, Westside Investment Management Inc. purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth about $58,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction 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 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 is available through the SEC website. In related news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill 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 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 document filed with the SEC, which can be accessed through this link. Also, insider Curtis E. Garner sold 17,394 shares of the business’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 transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. 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 owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CMG. Stephens reiterated an “equal weight” rating and issued a $61.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Argus increased their target price on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Oppenheimer lowered their price target on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Truist Financial reiterated a “buy” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Finally, Piper Sandler lowered their target price on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $56.12 on Monday. 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 $77.07 billion, a PE ratio of 59.70, a PEG ratio of 2.33 and a beta of 1.25. The business’s 50-day simple moving average is $54.30 and its 200-day simple moving average is $81.09.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business posted $12.65 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

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.