Jump Financial LLC Boosts Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Jump Financial LLC increased its stake in Chipotle Mexican Grill by 16.2%, holding 468,685 shares worth approximately $23.5 million following a purchase of 65,429 additional shares.
• Analysts have mixed ratings on Chipotle, with price targets set between $50.00 to $61.00, resulting in an overall average rating of "Moderate Buy" and a price target of $60.22.
• Recent quarterly earnings show Chipotle reported a 3.0% revenue increase year-over-year, with earnings per share at $0.33, slightly surpassing analysts' expectations of $0.32.

Jump Financial LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 16.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 468,685 shares of the restaurant operator's stock after buying an additional 65,429 shares during the period. Jump Financial LLC's holdings in Chipotle Mexican Grill were worth $23,533,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CMG. Cloud Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at $25,000. HighMark Wealth Management LLC raised its holdings in Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 371 shares in the last quarter. North Capital Inc. bought a new position in Chipotle Mexican Grill in the 1st quarter worth $30,000. ORG Wealth Partners LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth $31,000. Finally, Mechanics Financial Corp bought a new position in Chipotle Mexican Grill in the 1st quarter worth $38,000. Hedge funds and other institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Trading Down 0.5%

NYSE:CMG traded down $0.23 on Tuesday, reaching $42.52. 18,574,142 shares of the stock traded hands, compared to its average volume of 14,209,636. The company has a market capitalization of $57.01 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 2.22 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 12 month low of $41.18 and a 12 month high of $66.74. The company's fifty day simple moving average is $49.40 and its 200 day simple moving average is $50.43.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. Chipotle Mexican Grill's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on CMG. Barclays decreased their price objective on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Wells Fargo & Company decreased their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Truist Financial decreased their price objective on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a report on Friday, July 25th. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $56.00 to $65.00 in a report on Friday, July 18th. Finally, UBS Group upped their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.22.

Insiders Place Their Bets

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the sale, the insider owned 109,815 shares of the company's stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.81% of the company's stock.

About Chipotle Mexican Grill

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.