Prosperity Consulting Group LLC Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Prosperity Consulting Group LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,071.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,620 shares of the restaurant operator’s stock after buying an additional 3,550 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Chipotle Mexican Grill were worth $227,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CMG. Gilbert & Cook Inc. grew its holdings in shares of Chipotle Mexican Grill by 7.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock valued at $2,351,000 after purchasing an additional 73 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in shares of Chipotle Mexican Grill by 55.0% in the 4th quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock worth $780,000 after buying an additional 121 shares in the last quarter. NorthRock Partners LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $224,000. Norges Bank bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $805,529,000. Finally, Gladstone Institutional Advisory LLC raised its position in shares of Chipotle Mexican Grill by 5.5% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 635 shares of the restaurant operator’s stock valued at $1,452,000 after buying an additional 33 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $56.12 on Monday. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26. The company has a 50-day moving average of $54.30 and a 200 day moving average of $81.09. The firm has a market cap of $77.07 billion, a PE ratio of 59.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating 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 net margin of 13.23% and a return on equity of 44.01%. Chipotle Mexican Grill’s 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. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Insider Activity

In related news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Chipotle Mexican Grill news, 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 completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated Thursday, September 12th. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders have sold 34,934 shares of company stock worth $1,918,589. 1.02% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Guggenheim increased their price target on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. StockNews.com lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. The Goldman Sachs Group reduced their target price on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, Evercore ISI dropped their price target 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. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price 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.