Lecap Asset Management Ltd. Purchases New Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lecap Asset Management Ltd. purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,450 shares of the restaurant operator’s stock, valued at approximately $905,000.

Other hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $25,000. Riverview Trust Co grew its position in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the last quarter. Steph & Co. acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $29,000. M&R Capital Management Inc. raised its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after buying an additional 490 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Chipotle Mexican Grill by 9,900.0% in the 2nd quarter. Versant Capital Management Inc now owns 500 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 495 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CMG. UBS Group raised their price objective on shares of Chipotle Mexican Grill from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Evercore ISI decreased their price target on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Piper Sandler cut their price objective on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a report 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, the stock has an average rating of “Moderate Buy” and an average target price of $62.36.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was 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 owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Price Performance

CMG stock traded up $1.79 on Wednesday, hitting $53.73. 14,527,004 shares of the company were exchanged, compared to its average volume of 15,202,653. The stock has a market capitalization of $73.78 billion, a price-to-earnings ratio of 57.15, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The business’s fifty day moving average is $121.91 and its two-hundred day moving average is $80.57.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating 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 business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company posted $12.65 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current year.

Chipotle Mexican Grill Company 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.