Intech Investment Management LLC Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Intech Investment Management LLC lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 224.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,696,457 shares of the restaurant operator's stock after buying an additional 1,173,207 shares during the period. Chipotle Mexican Grill makes up about 1.1% of Intech Investment Management LLC's portfolio, making the stock its 11th largest position. Intech Investment Management LLC owned approximately 0.12% of Chipotle Mexican Grill worth $97,750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMG. American Century Companies Inc. grew its holdings in shares of Chipotle Mexican Grill by 4,732.3% during the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator's stock worth $1,264,109,000 after buying an additional 19,759,754 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Chipotle Mexican Grill by 5,209.5% during the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator's stock worth $685,128,000 after purchasing an additional 10,729,706 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Chipotle Mexican Grill by 5,930.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator's stock worth $645,930,000 after purchasing an additional 10,139,174 shares during the period. Bank of New York Mellon Corp lifted its holdings in Chipotle Mexican Grill by 4,816.1% in the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator's stock valued at $523,514,000 after acquiring an additional 8,186,198 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Chipotle Mexican Grill by 76,617.6% in the second quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator's stock valued at $369,945,000 after buying an additional 5,897,255 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Up 0.3 %

Shares of NYSE:CMG opened at $58.88 on Thursday. The company has a market cap of $80.23 billion, a price-to-earnings ratio of 55.03, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26. The company has a 50-day moving average price of $58.26 and a 200-day moving average price of $81.10. Chipotle Mexican Grill, Inc. has a 12 month low of $43.66 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (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 during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. Chipotle Mexican Grill's revenue was up 13.0% on a year-over-year basis. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Loop Capital lifted their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Piper Sandler boosted their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Robert W. Baird boosted their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada started coverage on Chipotle Mexican Grill in a report on Friday, November 15th. They issued an "outperform" rating and a $70.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average target price of $65.27.

Insiders Place Their Bets

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business'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 sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The trade was a 4.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the company's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now 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 disclosure for this sale can be found here. Over the last ninety days, 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 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.

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