IFM Investors Pty Ltd Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

IFM Investors Pty Ltd raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 280,141 shares of the restaurant operator’s stock after buying an additional 4,341 shares during the period. IFM Investors Pty Ltd’s holdings in Chipotle Mexican Grill were worth $16,142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. increased its position in Chipotle Mexican Grill by 4,732.3% during the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after acquiring an additional 19,759,754 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Chipotle Mexican Grill by 5,209.5% during the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock valued at $685,128,000 after purchasing an additional 10,729,706 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after purchasing an additional 10,139,174 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Chipotle Mexican Grill by 4,816.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after purchasing an additional 8,186,198 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of Chipotle Mexican Grill by 76,617.6% in the second quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock worth $369,945,000 after buying an additional 5,897,255 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the sale, the insider now owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,684 shares of company stock valued at $2,817,127. 1.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMG. Raymond James reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Piper Sandler raised their target price on Chipotle Mexican Grill from $56.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Citigroup boosted their price target on Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. TD Cowen restated a “buy” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, September 12th. Finally, Wedbush reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $63.03.

Chipotle Mexican Grill Stock Up 0.5 %

CMG traded up $0.30 during trading hours on Thursday, reaching $59.32. 2,689,214 shares of the company’s stock traded hands, compared to its average volume of 13,909,313. The firm has a 50-day moving average price of $56.52 and a 200 day moving average price of $81.32. The firm has a market capitalization of $81.47 billion, a PE ratio of 63.03, a PEG ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 52-week low of $35.97 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company 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 last year, the business posted $12.65 EPS. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

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.