Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by 1832 Asset Management L.P.

1832 Asset Management L.P. increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 24.6% in the first quarter, Holdings Channel reports. The firm owned 112,620 shares of the restaurant operator’s stock after buying an additional 22,260 shares during the quarter. 1832 Asset Management L.P.’s holdings in Chipotle Mexican Grill were worth $175,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of CMG. Core Alternative Capital boosted 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 worth $25,000 after purchasing an additional 13 shares during the period. Confluence Wealth Services Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $27,000. James Reed Financial Services Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $27,000. Riverview Trust Co acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth $27,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth $30,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CMG shares. Truist Financial reduced their target price on shares of Chipotle Mexican Grill from $2,000.00 to $1,760.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Wedbush reduced their target price on shares of Chipotle Mexican Grill from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. Raymond James reduced their target price on shares of Chipotle Mexican Grill from $1,850.00 to $1,700.00 in a research note on Tuesday, July 19th. OTR Global upgraded shares of Chipotle Mexican Grill from a “mixed” rating to a “positive” rating in a report on Monday, June 27th. Finally, UBS Group cut their price target on shares of Chipotle Mexican Grill from $2,100.00 to $1,900.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $1,837.55.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Marissa Andrada sold 251 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $1,575.00, for a total transaction 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Marissa Andrada sold 251 shares of the company’s 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 sale, the insider now owns 4,690 shares of the company’s stock, valued at $7,386,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Christopher W. Brandt sold 1,532 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $1,503.96, for a total transaction of $2,304,066.72. Following the completion of the sale, the chief marketing officer now directly owns 8,508 shares of the company’s stock, valued at $12,795,691.68. The disclosure for this sale can be found here. Insiders sold a total of 6,719 shares of company stock worth $10,246,870 over the last 90 days. Insiders own 1.01% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.4 %

Shares of NYSE:CMG opened at $1,747.94 on Tuesday. The company has a fifty day simple moving average of $1,535.55 and a 200 day simple moving average of $1,463.20. The firm has a market cap of $48.53 billion, a PE ratio of 65.44, a price-to-earnings-growth ratio of 2.27 and a beta of 1.30. Chipotle Mexican Grill, Inc. has a 12-month low of $1,196.28 and a 12-month high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the firm earned $7.46 earnings per share. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 32.5 EPS for the current fiscal year.

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.

Further Reading

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating).

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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