Premier Fund Managers Ltd Purchases New Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Premier Fund Managers Ltd acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000,000 shares of the restaurant operator’s stock, valued at approximately $57,335,000. Chipotle Mexican Grill comprises approximately 2.0% of Premier Fund Managers Ltd’s holdings, making the stock its 20th largest position. Premier Fund Managers Ltd owned approximately 0.07% of Chipotle Mexican Grill as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CMG. Parnassus Investments LLC bought a new stake in shares of Chipotle Mexican Grill during the third quarter worth about $964,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $2,838,000. Fifth Third Wealth Advisors LLC boosted its holdings in Chipotle Mexican Grill by 364.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 53,225 shares of the restaurant operator’s stock worth $3,067,000 after purchasing an additional 41,775 shares during the last quarter. Knuff & Co LLC increased its stake in Chipotle Mexican Grill by 536.5% in the 3rd quarter. Knuff & Co LLC now owns 77,650 shares of the restaurant operator’s stock valued at $4,474,000 after buying an additional 65,450 shares during the last quarter. Finally, Caprock Group LLC lifted its position in shares of Chipotle Mexican Grill by 13.3% during the 3rd quarter. Caprock Group LLC now owns 35,899 shares of the restaurant operator’s stock worth $2,069,000 after buying an additional 4,205 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. TD Cowen lifted their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Raymond James decreased their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Wedbush reissued an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Piper Sandler raised their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada initiated coverage on shares of Chipotle Mexican Grill in a research report on Friday, November 15th. They issued an “outperform” rating and a $70.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.27.

Chipotle Mexican Grill Trading Down 0.1 %

Shares of Chipotle Mexican Grill stock opened at $58.75 on Wednesday. The company’s 50-day moving average price is $58.20 and its 200-day moving average price is $81.25. Chipotle Mexican Grill, Inc. has a 12-month low of $43.20 and a 12-month high of $69.26. The company has a market cap of $80.05 billion, a price-to-earnings ratio of 54.91, a PEG ratio of 2.36 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share 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 business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. Chipotle Mexican Grill’s revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is currently owned by company insiders.

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.