Capital World Investors raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Rating) by 6.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 897,156 shares of the restaurant operator's stock after buying an additional 56,023 shares during the period. Capital World Investors owned approximately 3.21% of Chipotle Mexican Grill worth $1,419,328,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of CMG. Core Alternative Capital raised its stake in Chipotle Mexican Grill by 433.3% during the 1st quarter. Core Alternative Capital now owns 16 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 13 shares during the period. Confluence Wealth Services Inc. acquired a new stake in Chipotle Mexican Grill during the 4th quarter valued at $27,000. James Reed Financial Services Inc. acquired a new stake in Chipotle Mexican Grill during the 4th quarter valued at $27,000. Riverview Trust Co acquired a new stake in Chipotle Mexican Grill during the 1st quarter valued at $27,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Chipotle Mexican Grill during the 1st quarter valued at $30,000. Institutional investors own 93.15% of the company's stock.
Get Chipotle Mexican Grill alerts:Analyst Ratings Changes
Several brokerages have issued reports on CMG. The Goldman Sachs Group downgraded shares of Chipotle Mexican Grill from a "conviction-buy" rating to a "buy" rating and set a $1,720.00 target price on the stock. in a research note on Monday, July 18th. Truist Financial dropped their price target on shares of Chipotle Mexican Grill from $2,000.00 to $1,760.00 and set a "buy" rating on the stock in a research note on Wednesday, July 27th. Royal Bank of Canada upped their price target on shares of Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th. Raymond James dropped their price target on shares of Chipotle Mexican Grill from $1,850.00 to $1,700.00 in a research note on Tuesday, July 19th. Finally, Stifel Nicolaus upped their price target on shares of Chipotle Mexican Grill from $1,550.00 to $1,750.00 and gave the stock a "buy" rating in a research note on Tuesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,837.55.
Chipotle Mexican Grill Stock Performance
NYSE CMG opened at $1,721.49 on Thursday. The firm has a 50-day simple moving average of $1,542.31 and a 200 day simple moving average of $1,464.86. Chipotle Mexican Grill, Inc. has a twelve month low of $1,196.28 and a twelve month high of $1,958.55. The stock has a market cap of $47.80 billion, a PE ratio of 64.45, a PEG ratio of 2.27 and a beta of 1.30.Chipotle Mexican Grill (NYSE:CMG – Get Rating) last released its earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share for the quarter, beating the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 35.14%. During the same period in the previous year, the firm earned $7.46 earnings per share. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 32.5 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Marissa Andrada sold 251 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $1,575.00, for a total value of $395,325.00. Following the completion of the transaction, the insider now owns 4,690 shares of the company's stock, valued at $7,386,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CTO Curtis E. Garner sold 3,300 shares of the firm's stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $1,526.90, for a total transaction of $5,038,770.00. Following the completion of the sale, the chief technology officer now owns 12,321 shares of the company's stock, valued at $18,812,934.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Marissa Andrada sold 251 shares of the firm's stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $1,575.00, for a total transaction of $395,325.00. Following the sale, the insider now directly owns 4,690 shares of the company's stock, valued at approximately $7,386,750. The disclosure for this sale can be found here. Insiders sold 6,719 shares of company stock valued at $10,246,870 over the last quarter. Corporate insiders own 1.01% of the company's stock.
About Chipotle Mexican Grill
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Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.
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