The position of Chipotle Mexican Grill, Inc. (NYSE:CMG) was increased by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 4,782.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. . The institutional investor owned 9,716 shares of the restaurant operator’s stock after acquiring an additional 9,517 shares during the period. Holdings held by First Horizon Advisors Inc. holdings in Chipotle Mexican Grill were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $25,000. Riverview Trust Co boosted its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the last quarter. Steph & Co. purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth $29,000. M&R Capital Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 490 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Chipotle Mexican Grill by 9,900.0% during the second quarter. Versant Capital Management Inc now owns 500 shares of the restaurant operator’s stock worth $31,000 after buying an additional 495 shares in the last quarter. 91.31% of the shares are currently held by hedge funds and other institutional investors.

Changes in Analyst Ratings

Several equities analysts have commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Evercore ISI cut their price target 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. Robert W. Baird cut their price target on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upped their target price on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Finally, StockNews.com downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $62.36, according to MarketBeat.com.

Read our latest research report on CMG

Insiders place their bets

In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.02% of the company’s shares.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $51.95 on Wednesday. The firm has a market cap of $71.34 billion, a P/E ratio of 55.26, a P/E/G ratio of 2.23 and a beta of 1.24. The firm has a 50-day simple moving average of $122.11 and a 200-day simple moving average of $80.76. Chipotle Mexican Grill, Inc. it has a fifty-two week low of $35.37 and a fifty-two week high of $69.26.

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 net margin of 13.23% and a return on equity of 44.01%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. In the same quarter in the previous year, the business earned $12.65 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. to post 1.09 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.

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