B. Metzler seel. Sohn & Co. Holding AG Makes New $2.84 Million Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 49,250 shares of the restaurant operator's stock, valued at approximately $2,838,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Shellback Capital LP boosted its stake in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator's stock valued at $7,831,000 after purchasing an additional 122,500 shares in the last quarter. Swedbank AB bought a new position in Chipotle Mexican Grill in the first quarter worth about $53,979,000. Optas LLC lifted its position in shares of Chipotle Mexican Grill by 318.5% during the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator's stock valued at $989,000 after buying an additional 13,060 shares during the last quarter. Savvy Advisors Inc. bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $758,000. Finally, Pathway Financial Advisers LLC boosted its holdings in shares of Chipotle Mexican Grill by 5,662.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator's stock valued at $498,000 after buying an additional 8,493 shares in the last quarter. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Up 0.3 %

NYSE CMG opened at $58.88 on Thursday. The business's fifty day simple moving average is $58.26 and its 200-day simple moving average is $81.10. The firm has a market cap of $80.23 billion, a PE ratio of 54.80, a P/E/G ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 52 week low of $43.66 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping 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 for 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 quarterly revenue was up 13.0% compared to the same quarter last year. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares of the company's stock, valued at approximately $26,052,740.28. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now 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 sold a total of 33,290 shares of company stock worth $1,866,023 over the last three months. Insiders own 1.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMG. Robert W. Baird increased their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Truist Financial upped their target price on Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group dropped their price target on Chipotle Mexican Grill from $74.60 to $67.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Evercore ISI increased their price objective on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Finally, Stephens reiterated an "equal weight" rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.27.

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.