Segall Bryant & Hamill LLC Acquires Shares of 158,424 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Segall Bryant & Hamill LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, Holdings Channel reports. The firm bought 158,424 shares of the restaurant operator’s stock, valued at approximately $9,128,000.

A number of other large investors have also recently made changes to their positions in the company. Premier Fund Managers Ltd purchased a new position in shares of Chipotle Mexican Grill during the third quarter valued at approximately $57,335,000. Parnassus Investments LLC purchased a new position in Chipotle Mexican Grill during the 3rd quarter valued at $964,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Chipotle Mexican Grill during the 3rd quarter valued at $2,838,000. Fifth Third Wealth Advisors LLC increased its stake in Chipotle Mexican Grill by 364.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 53,225 shares of the restaurant operator’s stock worth $3,067,000 after purchasing an additional 41,775 shares during the period. Finally, Knuff & Co LLC lifted its position in shares of Chipotle Mexican Grill by 536.5% during the third quarter. Knuff & Co LLC now owns 77,650 shares of the restaurant operator’s stock worth $4,474,000 after purchasing an additional 65,450 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $60.01 on Friday. The firm has a market capitalization of $81.77 billion, a PE ratio of 55.85, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26. The company’s fifty day moving average price is $58.33 and its 200-day moving average price is $80.95. Chipotle Mexican Grill, Inc. has a 1-year low of $43.66 and a 1-year high of $69.26.

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. KeyCorp reduced their price target on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Company boosted their price target on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. TD Cowen raised their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Loop Capital upped their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, Truist Financial raised their price target on Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $65.27.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated Thursday, September 12th. The stock was 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 of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 4.13 % 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 15,750 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This trade represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. In 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 insiders.

Chipotle Mexican Grill 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.