PFG Investments LLC Acquires 2,338 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

PFG Investments LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,749 shares of the restaurant operator’s stock after acquiring an additional 2,338 shares during the period. PFG Investments LLC’s holdings in Chipotle Mexican Grill were worth $2,156,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mackenzie Financial Corp raised its stake in Chipotle Mexican Grill by 4,975.0% during the second quarter. Mackenzie Financial Corp now owns 127,280 shares of the restaurant operator’s stock valued at $7,974,000 after buying an additional 124,772 shares during the last quarter. Driehaus Capital Management LLC grew its position in Chipotle Mexican Grill by 4,213.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 11,300 shares of the restaurant operator’s stock valued at $708,000 after purchasing an additional 11,038 shares during the last quarter. Creative Planning increased its stake in Chipotle Mexican Grill by 5,498.1% during the 2nd quarter. Creative Planning now owns 242,957 shares of the restaurant operator’s stock valued at $15,221,000 after purchasing an additional 238,617 shares in the last quarter. Nemes Rush Group LLC raised its holdings in Chipotle Mexican Grill by 7,976.9% in the second quarter. Nemes Rush Group LLC now owns 3,150 shares of the restaurant operator’s stock worth $197,000 after buying an additional 3,111 shares during the last quarter. Finally, Silver Lake Advisory LLC bought a new position in shares of Chipotle Mexican Grill in the second quarter worth approximately $330,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 2.8 %

NYSE CMG opened at $58.30 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $46.29 and a 12 month high of $69.26. The stock has a market cap of $79.43 billion, a price-to-earnings ratio of 54.26, a PEG ratio of 1.88 and a beta of 1.27. The company’s 50 day moving average is $60.64 and its two-hundred day moving average is $57.72.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the firm earned $0.23 EPS. The company’s revenue was up 13.0% on a year-over-year basis. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CMG shares. Oppenheimer boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Piper Sandler boosted their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Citigroup lowered their price target on Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating on the stock in a report on Monday. Truist Financial lifted their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Evercore ISI upped their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.77.

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.