Virtu Financial LLC Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Virtu Financial LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1,403.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,373 shares of the restaurant operator’s stock after purchasing an additional 46,088 shares during the period. Virtu Financial LLC’s holdings in Chipotle Mexican Grill were worth $3,093,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CMG. Swedbank AB purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $53,979,000. Transform Wealth LLC grew its holdings in shares of Chipotle Mexican Grill by 4,760.7% during the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after purchasing an additional 9,331 shares during the last quarter. First Hawaiian Bank lifted its stake in Chipotle Mexican Grill by 4,731.0% in the second quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock worth $1,074,000 after purchasing an additional 16,795 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in Chipotle Mexican Grill by 4,747.7% during the second quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock valued at $1,279,000 after buying an additional 19,988 shares during the period. Finally, MJP Associates Inc. ADV grew its stake in shares of Chipotle Mexican Grill by 5,588.0% during the second quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator’s stock valued at $802,000 after buying an additional 12,573 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred on 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 in the company, valued at approximately $19,591,844. The disclosure for this sale can be found here. Insiders have sold a total of 34,934 shares of company stock valued at $1,918,589 in the last ninety days. Corporate insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CMG shares. BMO Capital Markets dropped their target price on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Stephens reissued an “equal weight” rating and set a $61.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Argus lifted their target price on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Truist Financial reissued a “buy” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Finally, Evercore ISI decreased their price objective on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Trading Up 2.7 %

Shares of NYSE CMG opened at $57.66 on Tuesday. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26. The firm has a market capitalization of $79.19 billion, a price-to-earnings ratio of 61.34, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25. The firm has a 50 day moving average of $54.26 and a 200 day moving average of $81.12.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion during 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 company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $12.65 EPS. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

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.