Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 218,906 shares of the restaurant operator’s stock after purchasing an additional 29,670 shares during the period. Mediolanum International Funds Ltd’s holdings in Chipotle Mexican Grill were worth $13,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 5,877.5% during the second quarter. NewEdge Advisors LLC now owns 40,647 shares of the restaurant operator’s stock valued at $2,547,000 after acquiring an additional 39,967 shares during the last quarter. Quarry LP purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $37,000. Cetera Investment Advisers raised its stake in Chipotle Mexican Grill by 5,997.4% in the 2nd quarter. Cetera Investment Advisers now owns 279,564 shares of the restaurant operator’s stock valued at $17,515,000 after purchasing an additional 274,979 shares during the last quarter. Dana Investment Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 5,146.9% in the 2nd quarter. Dana Investment Advisors Inc. now owns 8,500 shares of the restaurant operator’s stock valued at $533,000 after purchasing an additional 8,338 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Chipotle Mexican Grill by 4,790.4% during the 2nd quarter. Clearbridge Investments LLC now owns 167,350 shares of the restaurant operator’s stock worth $10,484,000 after purchasing an additional 163,928 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Stock Down 1.1 %

Shares of CMG opened at $58.34 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The company has a market cap of $79.49 billion, a P/E ratio of 54.30, a PEG ratio of 2.05 and a beta of 1.27. The firm’s 50 day moving average price is $60.57 and its 200 day moving average price is $57.74.

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

Analysts Set New Price Targets

CMG has been the subject of a number of recent research reports. Piper Sandler increased their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, January 22nd. Truist Financial boosted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday. Finally, TD Cowen lifted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.88.

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.