Linden Thomas Advisory Services LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Linden Thomas Advisory Services LLC grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 3,601.2% during the second quarter, Holdings Channel reports. The institutional investor owned 9,549 shares of the restaurant operator’s stock after acquiring an additional 9,291 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Chipotle Mexican Grill were worth $598,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arkadios Wealth Advisors acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at $261,000. Prime Capital Investment Advisors LLC boosted its stake in Chipotle Mexican Grill by 73.2% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 712 shares of the restaurant operator’s stock worth $1,628,000 after acquired an additional 301 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Chipotle Mexican Grill by 1.3% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 7,618 shares of the restaurant operator’s stock worth $17,167,000 after acquiring an additional 101 shares during the period. shares in the last quarter. 180 Wealth Advisors LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at about $236,000. Finally, Meeder Advisory Services Inc. increased its stake in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Meeder Advisory Services Inc. now owns 269 shares of the restaurant operator’s stock worth $615,000 after purchasing an additional 12 shares in the last quarter. 91.31% of the shares are currently held by hedge funds and other institutional investors.

Indoor activity

In other news, insider Curtis E. Garner sold 17,394 shares of the business’s 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 of the company’s stock, valued at approximately $19,591,844. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. Insiders hold 1.02% of the company’s shares.

Analysts on Wall Street are forecasting an increase

CMG has been the subject of several recent research reports. Goldman Sachs Group cut their price target on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. TD Cowen cut their price target on Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. BTIG Research boosted their price target on Chipotle Mexican Grill from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upped their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. Finally, KeyCorp cut their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $62.88, based on data from MarketBeat.

Read the latest stock analysis on Chipotle Mexican Grill

Chipotle Mexican Grill trading rose 1.3%

Shares of Chipotle Mexican Grill stock opened at $54.32 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26. The stock has a 50-day moving average of $123.62 and a two-hundred-day moving average of $79.98. The stock has a market cap of $74.60 billion, a price-to-earnings ratio of 57.79, a PEG ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. In the same period last year, the firm earned $12.65 EPS. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share 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.

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