Financial Insights Inc. Has $266,000 Stake in Chipotle Mexican Grill, Inc. $CMG

Financial Insights Inc. reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 4,743 shares of the restaurant operator’s stock after selling 595 shares during the quarter. Financial Insights Inc.’s holdings in Chipotle Mexican Grill were worth $266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at $25,000. Saudi Central Bank purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at $27,000. 1248 Management LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at $27,000. Signature Resources Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter valued at $28,000. Finally, HighMark Wealth Management LLC raised its position in Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 371 shares during the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $41.78 on Friday. The company has a market capitalization of $56.02 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 2.13 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74. The stock has a fifty day moving average of $41.47 and a 200-day moving average of $47.93.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 EPS. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of analyst reports. Melius initiated coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a “hold” rating and a $60.00 price target for the company. KeyCorp decreased their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Truist Financial decreased their target price on Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, July 25th. TD Securities reaffirmed a “buy” rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Finally, UBS Group raised their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.41.

Chipotle Mexican Grill Company Profile

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