Chipotle Mexican Grill, Inc. $CMG Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 212,180 shares of the restaurant operator’s stock after purchasing an additional 23,020 shares during the period. NEOS Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $7,214,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Wealth Watch Advisors INC bought a new stake in Chipotle Mexican Grill in the third quarter valued at about $25,000. MV Capital Management Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $26,000. Osbon Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $27,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $28,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction dated 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 in the company, valued at $765,586.25. This trade represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.45% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Trading Down 1.6%

Shares of NYSE CMG opened at $36.96 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $42.81. The company has a market cap of $46.77 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94. The stock’s 50 day simple moving average is $34.92 and its 200 day simple moving average is $33.95.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate 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 period last year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CMG. Raymond James Financial reissued an “outperform” rating and set a $42.50 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. TD Cowen reiterated a “buy” rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. DA Davidson increased their target price on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. UBS Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Finally, Citigroup decreased their price target on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 13th. Twenty-three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.84.

Chipotle Mexican Grill Company Profile

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.