Chipotle Mexican Grill, Inc. (NYSE:CMG) Stake Increased by Invesco LLC

Invesco LLC raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,701 shares of the restaurant operator’s stock after acquiring an additional 551 shares during the quarter. Invesco LLC’s holdings in Chipotle Mexican Grill were worth $585,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. grew its stake in Chipotle Mexican Grill by 5,897.8% in the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after purchasing an additional 48,126 shares in the last quarter. L & S Advisors Inc acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $3,256,000. Optas LLC increased its holdings in shares of Chipotle Mexican Grill by 318.5% in the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock valued at $989,000 after acquiring an additional 13,060 shares during the last quarter. Harrell Investment Partners LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $2,513,000. Finally, Savvy Advisors Inc. bought a new position in Chipotle Mexican Grill during the third quarter worth $758,000. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CMG. Citigroup lowered their target price on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating for the company in a research note on Monday. Raymond James lowered their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday. Piper Sandler raised their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Truist Financial raised their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Ten 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 company has a consensus rating of “Moderate Buy” and an average target price of $66.88.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded up $0.34 during midday trading on Wednesday, hitting $58.17. 896,514 shares of the stock were exchanged, compared to its average volume of 9,184,230. The company has a market capitalization of $79.26 billion, a PE ratio of 54.14, a P/E/G ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.88 and a 52-week high of $69.26. The business’s fifty day simple moving average is $60.61 and its two-hundred day simple moving average is $57.72.

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

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill 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.