Graypoint LLC Raises Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Graypoint LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,668 shares of the restaurant operator’s stock after buying an additional 333 shares during the period. Graypoint LLC’s holdings in Chipotle Mexican Grill were worth $523,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Legal & General Group Plc lifted its stake in Chipotle Mexican Grill by 5,209.5% in the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock valued at $685,128,000 after purchasing an additional 10,729,706 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of 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 valued at $645,930,000 after buying an additional 10,139,174 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Chipotle Mexican Grill by 76,617.6% during the 2nd quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock worth $369,945,000 after acquiring an additional 5,897,255 shares during the period. William Blair Investment Management LLC increased its holdings in Chipotle Mexican Grill by 4,565.8% in the 2nd quarter. William Blair Investment Management LLC now owns 5,078,767 shares of the restaurant operator’s stock worth $318,185,000 after acquiring an additional 4,969,916 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Chipotle Mexican Grill by 5,583.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,043,441 shares of the restaurant operator’s stock valued at $315,966,000 after acquiring an additional 4,954,696 shares during the period. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.4 %

Chipotle Mexican Grill stock opened at $56.54 on Friday. The firm has a fifty day simple moving average of $60.94 and a two-hundred day simple moving average of $58.05. Chipotle Mexican Grill, Inc. has a twelve month low of $44.53 and a twelve month high of $69.26. The company has a market capitalization of $77.04 billion, a PE ratio of 52.62, a P/E/G ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its 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. The company had revenue of $2.79 billion during 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 for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 EPS. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Loop Capital raised their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Finally, Robert W. Baird increased their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned 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 $66.81.

Insider Activity

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the 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 owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.02% of the company’s stock.

About Chipotle Mexican Grill

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.