Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 178.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,666 shares of the restaurant operator's stock after buying an additional 76,107 shares during the period. Benjamin Edwards Inc.'s holdings in Chipotle Mexican Grill were worth $4,035,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC increased its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 214 shares during the period. Groupama Asset Managment grew its position 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 worth $568,000 after purchasing an additional 291 shares during the last quarter. Catalyst Financial Partners LLC grew its position in Chipotle Mexican Grill by 4.6% in 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 grew its position in Chipotle Mexican Grill by 2.5% in 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 increased its stake in shares of Chipotle Mexican Grill by 14.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator's stock valued at $93,000 after purchasing an additional 316 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Mizuho boosted their price objective on Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, July 13th. Guggenheim restated a "neutral" rating and issued a $36.00 target price (up from $35.00) on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Morgan Stanley lifted their target price on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. Piper Sandler reduced their price target on Chipotle Mexican Grill from $42.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. Finally, Argus increased their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $43.84.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $38.03 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $42.81. The stock has a market cap of $48.12 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 2.42 and a beta of 0.94. The stock's 50 day moving average price is $34.47 and its 200 day moving average price is $33.90.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period last year, the company posted $0.33 EPS. The firm's quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Insiders Place Their Bets

In related news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the transaction, the insider directly owned 21,415 shares of the company's stock, valued at $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source