Redwood Financial Network Corp Boosts Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Redwood Financial Network Corp boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,500 shares of the restaurant operator’s stock after acquiring an additional 3,430 shares during the period. Redwood Financial Network Corp’s holdings in Chipotle Mexican Grill were worth $219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CMG. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $25,000. Riverview Trust Co raised its holdings in shares of Chipotle Mexican Grill by 4,900.0% in 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. RiverPark Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the last quarter. Archer Investment Corp purchased a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $25,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter valued at $27,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.1 %

Shares of CMG stock opened at $54.29 on Tuesday. The company’s fifty day simple moving average is $54.80 and its 200-day simple moving average is $81.02. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The company has a market cap of $74.35 billion, a PE ratio of 57.93, a P/E/G ratio of 2.24 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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 return on equity of 44.01% and a net margin of 13.23%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm posted $12.65 earnings per share. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CMG. KeyCorp cut their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Citigroup reduced their price objective on shares of Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Guggenheim lifted their target price on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Oppenheimer reduced their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

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.