Janus Henderson Group PLC Acquires 518,521 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Janus Henderson Group PLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,830,644 shares of the restaurant operator’s stock after purchasing an additional 518,521 shares during the period. Janus Henderson Group PLC owned about 0.72% of Chipotle Mexican Grill worth $566,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CMG. Hilltop Holdings Inc. grew its position in shares of Chipotle Mexican Grill by 142.1% in the 3rd quarter. Hilltop Holdings Inc. now owns 25,572 shares of the restaurant operator’s stock valued at $1,473,000 after acquiring an additional 15,010 shares during the period. Garden State Investment Advisory Services LLC grew its position in shares of Chipotle Mexican Grill by 32.4% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 5,072 shares of the restaurant operator’s stock valued at $292,000 after acquiring an additional 1,242 shares during the period. Cinctive Capital Management LP grew its position in shares of Chipotle Mexican Grill by 91.1% in the 3rd quarter. Cinctive Capital Management LP now owns 12,430 shares of the restaurant operator’s stock valued at $716,000 after acquiring an additional 5,927 shares during the period. Community Bank N.A. grew its position in shares of Chipotle Mexican Grill by 15,060.0% in the 3rd quarter. Community Bank N.A. now owns 7,580 shares of the restaurant operator’s stock valued at $437,000 after acquiring an additional 7,530 shares during the period. Finally, Benjamin Edwards Inc. grew its position in shares of Chipotle Mexican Grill by 7,317.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 50,882 shares of the restaurant operator’s stock valued at $2,932,000 after acquiring an additional 50,196 shares during the period. Institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In related 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 transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 4.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock valued at $1,866,023 in the last quarter. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 1.6 %

Shares of Chipotle Mexican Grill stock opened at $60.54 on Tuesday. The company has a 50 day moving average of $58.94 and a 200-day moving average of $81.09. Chipotle Mexican Grill, Inc. has a 1-year low of $44.08 and a 1-year high of $69.26. The company has a market cap of $82.49 billion, a PE ratio of 56.35, a price-to-earnings-growth ratio of 2.48 and a beta of 1.27.

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

Analyst Upgrades and Downgrades

CMG has been the subject of a number of analyst reports. Stephens reissued an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Loop Capital lifted their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Oppenheimer reaffirmed an “outperform” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 30th. TD Cowen lifted their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird lifted their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.27.

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.