Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,451,977 shares of the restaurant operator’s stock after purchasing an additional 140,975 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.11% of Chipotle Mexican Grill worth $83,663,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. LRI Investments LLC bought a new stake in shares of Chipotle Mexican Grill in the first quarter worth $168,000. Jaffetilchin Investment Partners LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at $305,000. Railway Pension Investments Ltd bought a new stake in Chipotle Mexican Grill during the first quarter valued at $1,163,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Chipotle Mexican Grill during the second quarter valued at $25,000. Finally, Riverview Trust Co increased its stake in Chipotle Mexican Grill by 4,900.0% during the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. TD Cowen boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup lowered their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Loop Capital boosted their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Ten investment 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 company has an average rating of “Moderate Buy” and an average price target of $65.27.

Insiders Place Their Bets

In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s 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 sale, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The trade was a 4.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,290 shares of company stock worth $1,866,023. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.1 %

CMG stock opened at $62.04 on Thursday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.66 and a fifty-two week high of $69.26. The company has a market capitalization of $84.53 billion, a P/E ratio of 57.74, a PEG ratio of 2.49 and a beta of 1.26. The company has a 50-day simple moving average of $58.73 and a 200 day simple moving average of $81.01.

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

Chipotle Mexican Grill Company 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.