14,300 Shares in Chipotle Mexican Grill, Inc. $CMG Purchased by iSAM Funds UK Ltd

iSAM Funds UK Ltd bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,300 shares of the restaurant operator’s stock, valued at approximately $486,000.

A number of other large investors have also recently bought and sold shares of the company. Wealth Watch Advisors INC purchased a new position in Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. MV Capital Management Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $26,000. Osbon Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Chipotle Mexican Grill in the second quarter worth $27,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter worth $28,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CMG. 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 report on Monday, August 24th. Evercore reaffirmed an “outperform” rating and set a $47.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Citigroup cut their price target on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Mizuho reiterated an “outperform” rating and set a $43.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday. Finally, Bank of America reissued a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of Chipotle Mexican Grill in a report on Tuesday. Twenty-three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.84.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $38.49 on Thursday. The company has a 50 day moving average price of $34.74 and a 200-day moving average price of $33.92. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $42.81. The firm has a market cap of $48.70 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction 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 SEC, which is available through this link. 0.45% of the stock is currently owned by insiders.

Chipotle Mexican Grill 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.