Strategy Asset Managers LLC Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Strategy Asset Managers LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, HoldingsChannel reports. The firm purchased 18,258 shares of the restaurant operator’s stock, valued at approximately $1,052,000.

Other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its stake in shares of Chipotle Mexican Grill by 19.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,990 shares of the restaurant operator’s stock worth $5,784,000 after buying an additional 327 shares in the last quarter. Clearbridge Investments LLC lifted its position in Chipotle Mexican Grill by 1.0% in the 1st quarter. Clearbridge Investments LLC now owns 3,422 shares of the restaurant operator’s stock valued at $9,947,000 after acquiring an additional 34 shares in the last quarter. Lake Street Advisors Group LLC lifted its position in Chipotle Mexican Grill by 33.1% in the 1st quarter. Lake Street Advisors Group LLC now owns 241 shares of the restaurant operator’s stock valued at $701,000 after acquiring an additional 60 shares in the last quarter. Pitcairn Co. boosted its stake in Chipotle Mexican Grill by 8.4% during the 1st quarter. Pitcairn Co. now owns 168 shares of the restaurant operator’s stock valued at $488,000 after purchasing an additional 13 shares during the last quarter. Finally, InterOcean Capital Group LLC increased its holdings in shares of Chipotle Mexican Grill by 42.1% in the 1st quarter. InterOcean Capital Group LLC now owns 216 shares of the restaurant operator’s stock worth $628,000 after purchasing an additional 64 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 0.1 %

Shares of CMG opened at $58.75 on Wednesday. Chipotle Mexican Grill, Inc. has a 12-month low of $43.20 and a 12-month high of $69.26. The company has a market capitalization of $80.05 billion, a PE ratio of 54.91, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26. The business’s 50 day moving average is $58.20 and its 200 day moving average is $81.25.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays boosted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Piper Sandler boosted their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Stephens reiterated an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Finally, TD Cowen raised their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.27.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’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 value of $100,920.20. Following the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is owned by corporate insiders.

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.