Chipotle Mexican Grill, Inc. (NYSE:CMG) is Scholtz & Company LLC’s 6th Largest Position

Scholtz & Company LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,871.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 185,850 shares of the restaurant operator’s stock after purchasing an additional 182,112 shares during the period. Chipotle Mexican Grill accounts for 5.0% of Scholtz & Company LLC’s holdings, making the stock its 6th biggest holding. Scholtz & Company LLC’s holdings in Chipotle Mexican Grill were worth $11,644,000 as of its most recent SEC filing.

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

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 sale, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Trading Up 1.0 %

Chipotle Mexican Grill stock opened at $56.35 on Friday. The firm has a market capitalization of $77.17 billion, a P/E ratio of 60.13, a P/E/G ratio of 2.33 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The stock’s fifty day simple moving average is $54.44 and its 200-day simple moving average is $80.68.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. Chipotle Mexican Grill’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $12.65 EPS. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Wall Street Analyst Weigh In

CMG has been the subject of several research reports. Guggenheim boosted their price target on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Piper Sandler lowered their price target on shares of 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. Wedbush reiterated an “outperform” rating and issued a $58.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Barclays lowered their target price on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Finally, BMO Capital Markets cut their price target on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.36.

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.