Public Sector Pension Investment Board lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 11.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,955 shares of the restaurant operator’s stock after buying an additional 313 shares during the period. Public Sector Pension Investment Board’s holdings in Chipotle Mexican Grill were worth $5,413,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of CMG. Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $450,560,000. Moneta Group Investment Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $248,604,000. Morgan Stanley boosted its position in shares of Chipotle Mexican Grill by 65.8% during the fourth quarter. Morgan Stanley now owns 375,736 shares of the restaurant operator’s stock valued at $521,332,000 after buying an additional 149,115 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Chipotle Mexican Grill by 2,334.9% during the second quarter. Renaissance Technologies LLC now owns 153,400 shares of the restaurant operator’s stock valued at $328,123,000 after buying an additional 147,100 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Chipotle Mexican Grill by 2.7% during the second quarter. BlackRock Inc. now owns 2,052,227 shares of the restaurant operator’s stock valued at $4,389,714,000 after buying an additional 54,820 shares during the last quarter. Hedge funds and other institutional investors own 91.19% of the company’s stock.
Insider Buying and Selling
In related news, insider Roger E. Theodoredis sold 898 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the completion of the transaction, the insider now directly owns 1,529 shares in the company, valued at $4,009,420.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Brian R. Niccol sold 1,100 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $2,278.45, for a total value of $2,506,295.00. Following the completion of the transaction, the chief executive officer now directly owns 22,447 shares in the company, valued at approximately $51,144,367.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Roger E. Theodoredis sold 898 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the completion of the transaction, the insider now owns 1,529 shares of the company’s stock, valued at $4,009,420.25. The disclosure for this sale can be found here. Insiders sold a total of 4,744 shares of company stock worth $11,607,678 over the last ninety days. 0.96% of the stock is owned by corporate insiders.
Chipotle Mexican Grill Stock Up 0.1 %
Chipotle Mexican Grill stock opened at $2,722.69 on Thursday. Chipotle Mexican Grill, Inc. has a 52 week low of $1,569.00 and a 52 week high of $2,738.13. The business has a 50-day simple moving average of $2,498.28 and a 200 day simple moving average of $2,202.90. The stock has a market cap of $74.66 billion, a price-to-earnings ratio of 61.39, a PEG ratio of 2.29 and a beta of 1.29.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last posted its earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, topping the consensus estimate of $9.73 by $0.63. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the business earned $8.29 earnings per share. The firm’s revenue was up 15.4% on a year-over-year basis. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 53.07 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on CMG shares. KeyCorp lifted their target price on Chipotle Mexican Grill from $2,250.00 to $2,750.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Citigroup lifted their price target on Chipotle Mexican Grill from $2,699.00 to $3,016.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. TD Cowen lifted their price target on Chipotle Mexican Grill from $2,650.00 to $2,900.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Stephens lifted their price target on Chipotle Mexican Grill from $2,800.00 to $3,000.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Finally, Truist Financial lifted their price target on Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,469.88.
Check Out Our Latest Research Report on Chipotle Mexican Grill
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.
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