Kingsview Wealth Management LLC Takes Position in Chipotle Mexican Grill, Inc. $CMG

Kingsview Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 21,147 shares of the restaurant operator’s stock, valued at approximately $719,000.

A number of other institutional investors have also recently added to or reduced their stakes in CMG. Wealth Watch Advisors INC acquired a new position in Chipotle Mexican Grill during the third quarter worth $25,000. MV Capital Management Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $26,000. Osbon Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $26,000. Meeder Asset Management Inc. acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth about $27,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Chipotle Mexican Grill in the 1st quarter valued at about $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. The trade was a 11.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. TD Cowen reiterated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Evercore reiterated an “outperform” rating and set a $47.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Stephens restated a “positive” rating and issued a $40.00 price objective (up from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Finally, Citigroup dropped their price target on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $43.84.

View Our Latest Stock Analysis on CMG

Chipotle Mexican Grill Trading Up 0.1%

Shares of CMG opened at $38.08 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $42.81. The firm has a market capitalization of $48.19 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.42 and a beta of 0.94. The firm has a 50-day moving average price of $34.33 and a 200 day moving average price of $33.90.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last issued its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. Chipotle Mexican Grill’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 earnings per share. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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