Financial Counselors Inc. Raises Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Financial Counselors Inc. grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,948 shares of the restaurant operator’s stock after acquiring an additional 6,248 shares during the period. Financial Counselors Inc.’s holdings in Chipotle Mexican Grill were worth $12,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Sector Pension Investment Board lifted its stake in shares of Chipotle Mexican Grill by 16.1% in the third quarter. Public Sector Pension Investment Board now owns 59,150 shares of the restaurant operator’s stock valued at $3,408,000 after purchasing an additional 8,200 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Chipotle Mexican Grill by 11.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock valued at $476,593,000 after purchasing an additional 858,704 shares during the period. Tybourne Capital Management HK Ltd. acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $742,000. Fiduciary Trust Co lifted its stake in shares of Chipotle Mexican Grill by 14.3% in the third quarter. Fiduciary Trust Co now owns 20,919 shares of the restaurant operator’s stock valued at $1,205,000 after purchasing an additional 2,619 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $3,629,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $62.05 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $43.66 and a 1 year high of $69.26. The firm has a 50 day moving average price of $58.81 and a 200 day moving average price of $80.88. The company has a market cap of $84.55 billion, a price-to-earnings ratio of 57.99, a PEG ratio of 2.49 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) 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 firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm earned $0.23 earnings per share. Chipotle Mexican Grill’s revenue was up 13.0% compared to the same quarter last year. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $26,115,436.20. The trade was a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CMG shares. Piper Sandler raised their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. TD Cowen lifted their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Stephens restated an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.27.

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.