3Chopt Investment Partners LLC Makes New $610,000 Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

3Chopt Investment Partners LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 9,732 shares of the restaurant operator’s stock, valued at approximately $610,000.

A number of other institutional investors have also modified their holdings of CMG. American Century Companies Inc. boosted its stake in Chipotle Mexican Grill by 4,732.3% in the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after acquiring an additional 19,759,754 shares during the period. Legal & General Group Plc grew its stake in Chipotle Mexican Grill by 5,209.5% during the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after buying an additional 10,729,706 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Chipotle Mexican Grill by 5,930.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after buying an additional 10,139,174 shares during the period. Bank of New York Mellon Corp lifted its stake in Chipotle Mexican Grill by 4,816.1% in the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after buying an additional 8,186,198 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Chipotle Mexican Grill by 76,617.6% in the second quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock valued at $369,945,000 after buying an additional 5,897,255 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CMG. Loop Capital lowered their price target on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. The Goldman Sachs Group decreased their price objective on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Truist Financial restated a “buy” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Finally, KeyCorp lowered their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Stock Up 0.4 %

CMG stock opened at $57.59 on Tuesday. The company has a 50 day moving average of $54.61 and a two-hundred day moving average of $81.38. The company has a market cap of $79.08 billion, a price-to-earnings ratio of 61.26, a PEG ratio of 2.43 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26.

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

Insider Transactions at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill 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. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,934 shares of company stock worth $1,918,589. 1.02% of the stock is owned by corporate 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.