Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 190.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 51,393 shares of the restaurant operator’s stock after acquiring an additional 33,705 shares during the period. QRG Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $2,961,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. National Pension Service grew its position in Chipotle Mexican Grill by 13.7% during the 3rd quarter. National Pension Service now owns 3,598,737 shares of the restaurant operator’s stock worth $207,359,000 after purchasing an additional 434,237 shares during the last quarter. Intact Investment Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 103.7% during the third quarter. Intact Investment Management Inc. now owns 19,350 shares of the restaurant operator’s stock valued at $1,115,000 after buying an additional 9,850 shares during the last quarter. KG&L Capital Management LLC increased its position in shares of Chipotle Mexican Grill by 24.0% in the 3rd quarter. KG&L Capital Management LLC now owns 5,961 shares of the restaurant operator’s stock valued at $343,000 after acquiring an additional 1,155 shares during the period. Forum Financial Management LP raised its stake in Chipotle Mexican Grill by 6.5% in the 3rd quarter. Forum Financial Management LP now owns 9,013 shares of the restaurant operator’s stock worth $519,000 after acquiring an additional 553 shares during the last quarter. Finally, BSW Wealth Partners raised its stake in Chipotle Mexican Grill by 27.7% in the 3rd quarter. BSW Wealth Partners now owns 9,156 shares of the restaurant operator’s stock worth $528,000 after acquiring an additional 1,985 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Barclays raised their price target on shares of 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 upped 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. Robert W. Baird increased their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets boosted their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.47.

Insider Activity

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the 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 completion of the sale, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was 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 owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,290 shares of company stock worth $1,866,023 over the last three months. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 2.7 %

CMG stock opened at $57.69 on Thursday. Chipotle Mexican Grill, Inc. has a 12-month low of $41.13 and a 12-month high of $69.26. The business’s 50-day moving average is $57.35 and its 200 day moving average is $81.28. The stock has a market cap of $79.01 billion, a price-to-earnings ratio of 53.70, a PEG ratio of 2.37 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm 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 business’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.1 EPS for the current fiscal 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.