Choreo LLC Takes $3.68 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Choreo LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 59,411 shares of the restaurant operator’s stock, valued at approximately $3,676,000.

Several other institutional investors have also recently modified their holdings of the stock. Gilbert & Cook Inc. increased its position in Chipotle Mexican Grill by 7.6% during the fourth quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock worth $2,351,000 after buying an additional 73 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 55.0% during the fourth quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock valued at $780,000 after acquiring an additional 121 shares during the last quarter. Principal Securities Inc. purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth about $277,000. QRG Capital Management Inc. increased its position in Chipotle Mexican Grill by 4.6% during the 4th quarter. QRG Capital Management Inc. now owns 340 shares of the restaurant operator’s stock worth $778,000 after purchasing an additional 15 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Chipotle Mexican Grill by 10.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 88,399 shares of the restaurant operator’s stock valued at $202,158,000 after purchasing an additional 8,458 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of recent research reports. Robert W. Baird lowered their price target on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. KeyCorp dropped their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Citigroup reduced their price objective on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Evercore ISI dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Finally, BMO Capital Markets cut their price target on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Trading Up 1.1 %

Chipotle Mexican Grill stock opened at $54.29 on Tuesday. The stock has a 50 day moving average of $54.80 and a 200-day moving average of $81.02. The stock has a market cap of $74.35 billion, a P/E ratio of 57.93, a price-to-earnings-growth ratio of 2.24 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $12.65 EPS. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the business’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 directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.02% of the company’s stock.

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.