Thrivent Financial for Lutherans Has $17.18 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Thrivent Financial for Lutherans raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 464.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 274,153 shares of the restaurant operator’s stock after acquiring an additional 225,589 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Chipotle Mexican Grill were worth $17,175,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Thames Capital Management LLC increased its position in Chipotle Mexican Grill by 5,653.9% in the 2nd quarter. Thames Capital Management LLC now owns 128,600 shares of the restaurant operator’s stock valued at $8,057,000 after acquiring an additional 126,365 shares during the period. Garden State Investment Advisory Services LLC increased its position in shares of Chipotle Mexican Grill by 5,146.6% during the second quarter. Garden State Investment Advisory Services LLC now owns 3,830 shares of the restaurant operator’s stock worth $240,000 after buying an additional 3,757 shares during the period. Sei Investments Co. increased its position in shares of Chipotle Mexican Grill by 3,310.5% during the second quarter. Sei Investments Co. now owns 3,853,584 shares of the restaurant operator’s stock worth $241,426,000 after buying an additional 3,740,593 shares during the period. Pacer Advisors Inc. increased its position in shares of Chipotle Mexican Grill by 4,878.6% during the second quarter. Pacer Advisors Inc. now owns 108,184 shares of the restaurant operator’s stock worth $6,778,000 after buying an additional 106,011 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Chipotle Mexican Grill by 5,073.0% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 290,000 shares of the restaurant operator’s stock worth $18,169,000 after buying an additional 284,394 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial reiterated a “buy” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Stifel Nicolaus reiterated a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Robert W. Baird cut their target price on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Argus increased their target price on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, Guggenheim increased their target price on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $62.36.

Insider Buying and Selling

In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, September 12th. The shares were 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,934 shares of company stock worth $1,918,589. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG opened at $57.99 on Wednesday. The company’s 50-day moving average is $54.30 and its 200 day moving average is $81.28. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The firm has a market capitalization of $79.64 billion, a P/E ratio of 61.69, a PEG ratio of 2.33 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the firm earned $12.65 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

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.