Chipotle Mexican Grill, Inc. $CMG Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 212,180 shares of the restaurant operator’s stock after acquiring an additional 23,020 shares during the quarter. NEOS Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $7,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Revolve Wealth Partners LLC increased its position in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Groupama Asset Managment lifted its holdings in Chipotle Mexican Grill by 1.9% in the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after purchasing an additional 291 shares in the last quarter. Catalyst Financial Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 4.6% during the 4th quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock worth $250,000 after purchasing an additional 298 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Chipotle Mexican Grill by 2.5% during the 1st quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 311 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 14.3% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 316 shares during the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 1.6%

NYSE CMG opened at $36.96 on Friday. The business has a 50 day moving average price of $34.92 and a two-hundred day moving average price of $33.95. The stock has a market cap of $46.77 billion, a PE ratio of 33.91, a P/E/G ratio of 2.26 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $42.81.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CMG shares. Citigroup cut their price objective on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 13th. DA Davidson increased their price objective on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. TD Cowen restated a “buy” rating and issued a $44.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Bank of America reaffirmed a “buy” rating and set a $53.00 price target (up from $50.00) on shares of Chipotle Mexican Grill in a research report on Tuesday. Finally, UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Twenty-three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.84.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider directly owned 21,415 shares in the company, valued at $765,586.25. The trade was a 11.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.