OLD National Bancorp IN buys 3,300 shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

OLD National Bancorp IN acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) during the second quarter, the company said in its most recent filing with the Securities and Exchange Commission (SEC) on Form 13F. The fund purchased 3,300 shares of the restaurant operator’s stock valued at approximately $207,000.

Several other hedge funds and other institutional investors have also recently changed their hold on the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Chipotle Mexican Grill during the 2nd quarter valued at about $25,000. Steph & Co. acquired a new stake in Chipotle Mexican Grill during the 1st quarter valued at $29,000. M&R Capital Management Inc. increased its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 490 shares in the last quarter. Versant Capital Management Inc. increased its stake in Chipotle Mexican Grill by 9,900.0% during the 2nd quarter. Versant Capital Management Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 495 shares in the last quarter. Finally, Lynx Investment Advisory bought a new position in Chipotle Mexican Grill in the second quarter valued at $31,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activities at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the company’s stock on Tuesday, August 6. The shares were sold at an average price of $54.68, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through the SEC’s website. 1.02% of the shares are currently owned by company insiders.

Upgrades and downgrades by analysts

Several equities analysts have recently issued reports on the company. BTIG Research increased their price target on Chipotle Mexican Grill from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Citigroup decreased their price target on Chipotle Mexican Grill from $71.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Loop Capital decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $53.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Barclays decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Finally, Evercore ISI lowered their price target on Chipotle Mexican Grill from $72.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, July 25. Eleven investment analysts have rated the stock with a “hold” rating and seventeen have given a “buy” rating. According to MarketBeat, the stock has an average rating of “moderate buy” and a consensus price target of $62.88.

Check out our latest analysis on CMG

Chipotle Mexican Grill trading up 2.3%

CMG shares opened at $55.55 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26. The company’s 50-day average price is $123.48 and its 200-day average price is $80.28. The company has a market cap of $76.29 billion, a price-to-earnings ratio of 59.10, a PEG ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last released its quarterly earnings results on Wednesday, July 24. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 period last year, the company reported earnings per share of $12.65. The company’s revenue grew 18.2% year-over-year. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will report earnings per share of $1.09 for the current fiscal year.

Chipotle Mexican Grill Company Profile

(Free report)

Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. The company sells food and beverages by offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also offers delivery and related services through its app and website. It operates in the United States, Canada, France, Germany, and the United Kingdom.