Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 97.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,753,841 shares of the restaurant operator’s stock after buying an additional 866,291 shares during the period. Natixis Advisors LLC’s holdings in Chipotle Mexican Grill were worth $101,056,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Coastline Trust Co grew its position in Chipotle Mexican Grill by 16.8% in the 3rd quarter. Coastline Trust Co now owns 23,531 shares of the restaurant operator’s stock worth $1,356,000 after purchasing an additional 3,381 shares during the last quarter. Valley Wealth Managers Inc. grew its holdings in Chipotle Mexican Grill by 76.1% in the 3rd quarter. Valley Wealth Managers Inc. now owns 20,250 shares of the restaurant operator’s stock worth $1,167,000 after buying an additional 8,753 shares in the last quarter. Birchcreek Wealth Management LLC increased its position in Chipotle Mexican Grill by 14.0% in the 3rd quarter. Birchcreek Wealth Management LLC now owns 6,159 shares of the restaurant operator’s stock valued at $355,000 after acquiring an additional 756 shares during the period. Empirical Finance LLC increased its position in Chipotle Mexican Grill by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 47,275 shares of the restaurant operator’s stock valued at $2,724,000 after acquiring an additional 1,030 shares during the period. Finally, Connable Office Inc. raised its stake in Chipotle Mexican Grill by 0.6% during the 3rd quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after acquiring an additional 178 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction on 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 owns 41,510 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. The trade was a 3.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Trading Down 2.1 %

Shares of NYSE CMG opened at $58.63 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $43.10 and a one year high of $69.26. The business has a 50-day moving average price of $58.02 and a two-hundred day moving average price of $81.06. The firm has a market capitalization of $79.89 billion, a PE ratio of 54.79, a PEG ratio of 2.39 and a beta of 1.26.

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

Wall Street Analysts Forecast Growth

CMG has been the subject of several research analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday. Citigroup decreased their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Piper Sandler boosted their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. KeyCorp decreased their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Finally, Guggenheim lifted their price target on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.27.

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.