United Capital Financial Advisors LLC Takes Position in Chipotle Mexican Grill, Inc. $CMG

United Capital Financial Advisors LLC acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, HoldingsChannel reports. The fund acquired 33,143 shares of the restaurant operator’s stock, valued at approximately $1,127,000.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Watch Advisors INC bought a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $25,000. MV Capital Management Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $26,000. Osbon Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $28,000. Meeder Asset Management Inc. bought a new stake in Chipotle Mexican Grill during the second quarter valued at about $27,000. Finally, Kelleher Financial Advisors purchased a new position in Chipotle Mexican Grill in the second quarter valued at about $28,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Insider Buying and Selling

In other news, insider Matthew R. Bush sold 2,675 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the sale, the insider directly owned 21,415 shares of the company’s stock, valued at $765,586.25. This represents a 11.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Stock Up 2.3%

Shares of NYSE:CMG opened at $38.08 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $42.81. The stock has a market cap of $48.19 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.42 and a beta of 0.94. The business has a 50-day moving average price of $34.33 and a 200-day moving average price of $33.94.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the firm earned $0.33 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on CMG. JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $38.00 to $35.00 in a report on Friday, June 5th. Morgan Stanley raised their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Robert W. Baird restated a “neutral” rating and set a $40.00 target price (down from $44.00) on shares of Chipotle Mexican Grill in a research note on Monday, August 24th. Mizuho upped their target price on Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Piper Sandler decreased their price target on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.84.

About Chipotle Mexican Grill

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.