Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Raised by Calamos Wealth Management LLC

by · The Cerbat Gem

Calamos Wealth Management LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 6,879.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,984 shares of the restaurant operator’s stock after buying an additional 18,712 shares during the quarter. Calamos Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $1,189,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Chipotle Mexican Grill in the second quarter worth approximately $25,000. Riverview Trust Co grew its position in 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 buying an additional 392 shares during the last quarter. Steph & Co. acquired a new position in Chipotle Mexican Grill in the first quarter worth approximately $29,000. M&R Capital Management Inc. grew its position in Chipotle Mexican Grill by 4,900.0% in the second quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after buying an additional 490 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Chipotle Mexican Grill by 9,900.0% in the second quarter. Versant Capital Management Inc now owns 500 shares of the restaurant operator’s stock worth $31,000 after buying an additional 495 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on CMG shares. TD Cowen decreased their price target on shares of Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. BMO Capital Markets lowered their price objective on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Citigroup lowered 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 report on Thursday, July 25th. Finally, Argus boosted their price target on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Get Our Latest Analysis on CMG

Insider Activity at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the sale, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded up $0.26 during trading hours on Friday, reaching $53.71. 9,928,362 shares of the company traded hands, compared to its average volume of 15,141,147. The stock’s fifty day moving average is $121.44 and its 200 day moving average is $80.63. The stock has a market cap of $73.76 billion, a P/E ratio of 57.14, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $12.65 earnings per share. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

About Chipotle Mexican Grill

(Free Report)

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.

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