Advisor Group Holdings Inc. Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Advisor Group Holdings Inc. raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Rating) by 32.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,782 shares of the restaurant operator’s stock after purchasing an additional 1,675 shares during the period. Advisor Group Holdings Inc.’s holdings in Chipotle Mexican Grill were worth $10,376,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mission Wealth Management LP lifted its position in Chipotle Mexican Grill by 5.6% during the fourth quarter. Mission Wealth Management LP now owns 131 shares of the restaurant operator’s stock valued at $229,000 after purchasing an additional 7 shares in the last quarter. Arbor Capital Management Inc. ADV increased its stake in Chipotle Mexican Grill by 3.5% during the first quarter. Arbor Capital Management Inc. ADV now owns 207 shares of the restaurant operator’s stock worth $328,000 after acquiring an additional 7 shares during the last quarter. International Assets Investment Management LLC increased its stake in Chipotle Mexican Grill by 3.8% during the first quarter. International Assets Investment Management LLC now owns 193 shares of the restaurant operator’s stock worth $305,000 after acquiring an additional 7 shares during the last quarter. Norway Savings Bank boosted its position in shares of Chipotle Mexican Grill by 2.4% during the first quarter. Norway Savings Bank now owns 348 shares of the restaurant operator’s stock valued at $551,000 after buying an additional 8 shares during the period. Finally, Blue Fin Capital Inc. boosted its position in shares of Chipotle Mexican Grill by 4.0% during the first quarter. Blue Fin Capital Inc. now owns 209 shares of the restaurant operator’s stock valued at $330,000 after buying an additional 8 shares during the period. 89.85% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $1,585.03 on Thursday. The stock’s fifty day moving average price is $1,347.71 and its 200 day moving average price is $1,429.56. Chipotle Mexican Grill, Inc. has a 1 year low of $1,196.28 and a 1 year high of $1,958.55. The company has a market cap of $44.01 billion, a price-to-earnings ratio of 59.34, a PEG ratio of 2.04 and a beta of 1.32.

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 (EPS) for the quarter, beating the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a return on equity of 35.14% and a net margin of 9.28%. During the same period in the prior year, the business posted $7.46 EPS. Research analysts expect that Chipotle Mexican Grill, Inc. will post 32.47 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 1,636 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $1,533.44, for a total value of $2,508,707.84. Following the sale, the insider now directly owns 5,258 shares of the company’s stock, valued at $8,062,827.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 1,636 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $1,533.44, for a total value of $2,508,707.84. Following the sale, the insider now directly owns 5,258 shares of the company’s stock, valued at $8,062,827.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robin S. Hickenlooper sold 48 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $1,267.56, for a total transaction of $60,842.88. Following the completion of the sale, the director now directly owns 927 shares in the company, valued at $1,175,028.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,767 shares of company stock valued at $11,690,182. 1.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMG. Citigroup boosted their price target on Chipotle Mexican Grill from $1,742.00 to $1,969.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Cowen lowered their price target on Chipotle Mexican Grill from $1,830.00 to $1,600.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Royal Bank of Canada boosted their price target on Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Barclays boosted their price objective on shares of Chipotle Mexican Grill from $1,335.00 to $1,400.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 27th. Finally, KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $1,900.00 to $1,750.00 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,823.54.

Chipotle Mexican Grill Profile

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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.