KBC Group NV Purchases 423,891 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

KBC Group NV increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 184.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 653,940 shares of the restaurant operator’s stock after acquiring an additional 423,891 shares during the period. KBC Group NV’s holdings in Chipotle Mexican Grill were worth $39,433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMG. ZRC Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 384 shares during the last quarter. Transcendent Capital Group LLC boosted its position in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after buying an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at approximately $33,000. Finally, Quarry LP bought a new position in shares of Chipotle Mexican Grill during the second quarter valued at $37,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $58.30 on Tuesday. Chipotle Mexican Grill, Inc. has a one year low of $46.29 and a one year high of $69.26. The company has a market cap of $79.43 billion, a PE ratio of 54.26, a PEG ratio of 1.88 and a beta of 1.27. The firm has a 50-day moving average of $60.64 and a 200-day moving average of $57.72.

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, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CMG. Wells Fargo & Company boosted their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Stephens reiterated an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Royal Bank of Canada raised their price objective on Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Piper Sandler upped their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Oppenheimer raised their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.77.

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.