5,204 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,204 shares of the restaurant operator’s stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMG. Bank Pictet & Cie Europe AG grew its position in shares of Chipotle Mexican Grill by 24.1% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 1,239,326 shares of the restaurant operator’s stock valued at $71,410,000 after acquiring an additional 240,362 shares during the period. Lecap Asset Management Ltd. grew its holdings in Chipotle Mexican Grill by 1.2% during the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock valued at $843,000 after purchasing an additional 175 shares during the period. Marietta Wealth Management LLC purchased a new stake in Chipotle Mexican Grill in the third quarter worth about $2,929,000. Private Advisor Group LLC raised its stake in shares of Chipotle Mexican Grill by 1.6% in the third quarter. Private Advisor Group LLC now owns 135,088 shares of the restaurant operator’s stock worth $7,784,000 after buying an additional 2,185 shares during the period. Finally, Waldron Private Wealth LLC lifted its position in shares of Chipotle Mexican Grill by 11.8% during the 3rd quarter. Waldron Private Wealth LLC now owns 4,528 shares of the restaurant operator’s stock valued at $261,000 after buying an additional 478 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was 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 in the company, valued at $19,591,844. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,684 shares of company stock valued at $2,817,127 in the last quarter. 1.02% of the stock is owned by insiders.

Analyst Ratings Changes

CMG has been the topic of a number of recent analyst reports. Evercore ISI raised their target price on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Piper Sandler lifted their target price on shares of Chipotle Mexican Grill from $56.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Truist Financial upped their target price on shares of Chipotle Mexican Grill from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus reissued a “buy” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Finally, BMO Capital Markets dropped their price objective on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.03.

Chipotle Mexican Grill Trading Up 0.7 %

Shares of NYSE:CMG opened at $59.43 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $35.97 and a 12 month high of $69.26. The company has a market capitalization of $81.62 billion, a price-to-earnings ratio of 63.22, a PEG ratio of 2.41 and a beta of 1.25. The firm’s 50-day moving average is $56.52 and its 200 day moving average is $81.32.

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

Chipotle Mexican Grill Profile

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.