Thematics Asset Management Has $2.62 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Thematics Asset Management lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,475 shares of the restaurant operator’s stock after selling 2,825 shares during the period. Thematics Asset Management’s holdings in Chipotle Mexican Grill were worth $2,620,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $25,000. Riverview Trust Co raised its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $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 second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. Archer Investment Corp acquired a new stake in shares of Chipotle Mexican Grill in the second quarter worth $25,000. Finally, Oliver Lagore Vanvalin Investment Group raised its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG traded down $0.02 during mid-day trading on Tuesday, hitting $61.98. The company had a trading volume of 800,126 shares, compared to its average volume of 13,670,133. Chipotle Mexican Grill, Inc. has a 12 month low of $43.66 and a 12 month high of $69.26. The firm has a market cap of $84.45 billion, a P/E ratio of 57.70, a PEG ratio of 2.49 and a beta of 1.26. The business’s 50-day simple moving average is $58.54 and its 200-day simple moving average is $81.16.

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, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $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. Insiders have sold 33,290 shares of company stock worth $1,866,023 over the last 90 days. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CMG. Loop Capital raised 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. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. TD Cowen lifted their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Finally, Citigroup cut their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.