Savant Capital LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Savant Capital LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 27,775.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,158 shares of the restaurant operator’s stock after purchasing an additional 44,996 shares during the period. Savant Capital LLC’s holdings in Chipotle Mexican Grill were worth $2,829,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $25,000. Riverview Trust Co boosted its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the last quarter. RiverPark Advisors LLC boosted its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the last quarter. Archer Investment Corp acquired a new position in Chipotle Mexican Grill in the second quarter valued at approximately $25,000. Finally, Chilton Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth about $27,000. Institutional investors and hedge funds own 91.31% of the company’s shares.

Analyst upgrades and downgrades

A number of equities analysts have covered the company. Stifel Nicolaus reissued a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Goldman Sachs Group cut their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Guggenheim boosted their price objective on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Truist Financial reiterated a “buy” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Finally, Argus boosted their target price on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $62.36, according to MarketBeat.com.

Check out our latest research report on Chipotle Mexican Grill

Insiders place their bets

In other news, insider Curtis E. Garner sold 17,394 shares of the company’s 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 directly owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a legal filing with the SEC, which is accessible via this hyperlink. 1.02% of shares are currently held by corporate insiders.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $53.68 on Monday. 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 cap of $73.72 billion, a P/E ratio of 57.11, a P/E/G ratio of 2.34 and a beta of 1.25. The company’s fifty day moving average price is $54.95 and its 200 day moving average price is $81.01.

Chipotle Mexican Grill (NYSE:CMG – Get Your Free Report ) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. In the same quarter last year, the company earned $12.65 per share. The company’s revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Chipotle Mexican Grill Company Profile

(Free report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. Sell ​​food and beverages by offering burritos, burrito bowls, quesadillas, tacos and salads. The company also offers delivery and related services, its app and website. It has operations in the United States, Canada, France, Germany and the United Kingdom.

Further reading

Want to see what other hedge funds own CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report).

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