Premier Fund Managers Ltd Invests $57.34 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Premier Fund Managers Ltd acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,000,000 shares of the restaurant operator's stock, valued at approximately $57,335,000. Chipotle Mexican Grill accounts for approximately 2.0% of Premier Fund Managers Ltd's investment portfolio, making the stock its 20th biggest position. Premier Fund Managers Ltd owned approximately 0.07% of Chipotle Mexican Grill at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $25,000. Riverview Trust Co raised its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 392 shares during the period. RiverPark Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 392 shares during the last quarter. Archer Investment Corp acquired a new position in Chipotle Mexican Grill during the 2nd quarter valued at approximately $25,000. Finally, Oliver Lagore Vanvalin Investment Group grew its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator's stock worth $25,000 after buying an additional 392 shares during the last quarter. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of CMG traded down $0.13 during mid-day trading on Wednesday, reaching $58.60. The company had a trading volume of 2,001,087 shares, compared to its average volume of 13,744,347. The company's 50-day moving average is $58.20 and its 200-day moving average is $81.25. The company has a market capitalization of $79.85 billion, a P/E ratio of 54.91, a P/E/G ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a twelve month low of $43.66 and a twelve month 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, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Transactions 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 dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now directly 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,290 shares of company stock worth $1,866,023. Insiders own 1.02% of the company's stock.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Loop Capital boosted their price target on shares of 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 increased their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. TD Cowen boosted their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Citigroup cut their target price on Chipotle Mexican Grill from $71.00 to $70.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $65.27.

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.