Pinkerton Retirement Specialists LLC Invests $244,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Pinkerton Retirement Specialists LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,891 shares of the restaurant operator’s stock, valued at approximately $244,000.

Several other hedge funds also recently made changes to their positions in CMG. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $25,000. Riverview Trust Co increased 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 purchasing an additional 392 shares during the period. RiverPark Advisors LLC increased its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. Archer Investment Corp bought a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $25,000. Finally, Chilton Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $27,000. 91.31% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of recent analyst reports. TD Cowen reissued a “buy” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday. KeyCorp lowered their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Stephens restated an “equal weight” rating and set a $61.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Piper Sandler decreased their target price on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $56.35 on Friday. The company has a market capitalization of $77.17 billion, a PE ratio of 60.13, a P/E/G ratio of 2.33 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The company has a 50 day simple moving average of $54.44 and a two-hundred day simple moving average of $80.68.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share 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 business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $12.65 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 18.2% on a year-over-year basis. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

About Chipotle Mexican Grill

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.