Brown Brothers Harriman & Co. Acquires 258 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Brown Brothers Harriman & Co. increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.1% in the third quarter, Holdings Channel.com reports. The firm owned 5,308 shares of the restaurant operator’s stock after purchasing an additional 258 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Chipotle Mexican Grill were worth $306,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. American Century Companies Inc. increased its stake in Chipotle Mexican Grill by 4,732.3% during the 2nd quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after purchasing an additional 19,759,754 shares in the last quarter. Legal & General Group Plc boosted its position in Chipotle Mexican Grill by 5,209.5% during the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after acquiring an additional 10,729,706 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after acquiring an additional 10,139,174 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Chipotle Mexican Grill by 4,816.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after acquiring an additional 8,186,198 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Chipotle Mexican Grill by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock valued at $472,505,000 after buying an additional 132,756 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Insider Activity at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the sale, the insider now directly owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This trade represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction dated 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 directly owns 41,510 shares in the company, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,290 shares of company stock valued at $1,866,023 over the last ninety days. 1.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on CMG. Oppenheimer reissued an “outperform” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Evercore ISI increased their price target on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Stifel Nicolaus restated a “buy” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Loop Capital increased their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler increased their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.27.

Chipotle Mexican Grill Stock Down 1.1 %

NYSE:CMG opened at $62.04 on Thursday. The stock’s 50-day simple moving average is $58.73 and its 200 day simple moving average is $81.01. The firm has a market capitalization of $84.53 billion, a PE ratio of 57.74, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a twelve month low of $43.66 and a twelve month high of $69.26.

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 business 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%. Chipotle Mexican Grill’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.