Principal Financial Group Inc. Purchases 417,770 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Principal Financial Group Inc. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,095,508 shares of the restaurant operator’s stock after buying an additional 417,770 shares during the quarter. Principal Financial Group Inc.’s holdings in Chipotle Mexican Grill were worth $120,743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CMG. Csenge Advisory Group bought a new stake in shares of Chipotle Mexican Grill in the first quarter worth $291,000. Geneos Wealth Management Inc. grew its position in shares of Chipotle Mexican Grill by 36.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 145 shares of the restaurant operator’s stock valued at $421,000 after buying an additional 39 shares during the last quarter. Empowered Funds LLC grew its position in shares of Chipotle Mexican Grill by 27.9% in the 1st quarter. Empowered Funds LLC now owns 344 shares of the restaurant operator’s stock valued at $1,000,000 after buying an additional 75 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Chipotle Mexican Grill during the first quarter worth about $262,000. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Chipotle Mexican Grill by 109.7% in the first quarter. Oppenheimer & Co. Inc. now owns 1,602 shares of the restaurant operator’s stock worth $4,657,000 after acquiring an additional 838 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Evercore ISI boosted their price objective on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Wells Fargo & Company raised their target price on Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Piper Sandler boosted their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.47.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,290 shares of company stock worth $1,866,023. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $58.80 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $41.72 and a 52 week high of $69.26. The firm has a 50-day moving average price of $57.46 and a two-hundred day moving average price of $81.12. The firm has a market cap of $80.53 billion, a price-to-earnings ratio of 54.73, a price-to-earnings-growth ratio of 2.27 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current 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.