M Holdings Securities Inc. Acquires New Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG)

M Holdings Securities Inc. acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 212 shares of the restaurant operator’s stock, valued at approximately $335,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Chipotle Mexican Grill by 8.2% in the first quarter. BlackRock Inc. now owns 2,130,266 shares of the restaurant operator’s stock valued at $3,370,144,000 after purchasing an additional 161,088 shares during the period. State Street Corp grew its position in shares of Chipotle Mexican Grill by 3.7% in the fourth quarter. State Street Corp now owns 1,133,470 shares of the restaurant operator’s stock valued at $1,981,589,000 after purchasing an additional 39,982 shares during the period. Capital World Investors grew its position in shares of Chipotle Mexican Grill by 6.7% in the first quarter. Capital World Investors now owns 897,156 shares of the restaurant operator’s stock valued at $1,419,328,000 after purchasing an additional 56,023 shares during the period. Capital International Investors grew its position in shares of Chipotle Mexican Grill by 17.7% in the first quarter. Capital International Investors now owns 884,040 shares of the restaurant operator’s stock valued at $1,398,438,000 after purchasing an additional 133,080 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Chipotle Mexican Grill by 0.9% in the first quarter. Jennison Associates LLC now owns 611,322 shares of the restaurant operator’s stock valued at $967,130,000 after purchasing an additional 5,307 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Chipotle Mexican Grill Trading Down 1.0 %

NYSE:CMG opened at $1,693.57 on Friday. The firm has a market capitalization of $47.01 billion, a PE ratio of 63.41, a price-to-earnings-growth ratio of 2.26 and a beta of 1.30. The stock has a 50 day moving average of $1,564.17 and a 200-day moving average of $1,469.37. Chipotle Mexican Grill, Inc. has a 52 week low of $1,196.28 and a 52 week high of $1,958.55.

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

Wall Street Analyst Weigh In

CMG has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their target price 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. BMO Capital Markets reduced their target price on Chipotle Mexican Grill from $1,700.00 to $1,600.00 and set a “market perform” rating on the stock in a report on Wednesday, July 27th. Credit Suisse Group reduced their target price on Chipotle Mexican Grill from $2,200.00 to $2,000.00 and set an “outperform” rating on the stock in a report on Tuesday, July 19th. UBS Group reduced their target price on Chipotle Mexican Grill from $2,100.00 to $1,900.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Finally, Oppenheimer boosted their price objective on Chipotle Mexican Grill to $1,800.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Seven investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $1,837.55.

Insider Activity

In other news, insider Scott Boatwright sold 3,106 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $1,724.50, for a total transaction of $5,356,297.00. Following the completion of the transaction, the insider now directly owns 8,647 shares in the company, valued at $14,911,751.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Scott Boatwright sold 3,106 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $1,724.50, for a total transaction of $5,356,297.00. Following the completion of the transaction, the insider now directly owns 8,647 shares in the company, valued at $14,911,751.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Roger E. Theodoredis sold 1,636 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $1,533.44, for a total value of $2,508,707.84. Following the transaction, the insider now owns 5,258 shares of the company’s stock, valued at $8,062,827.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,825 shares of company stock valued at $15,603,167. 1.00% of the stock is currently owned by insiders.

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.

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

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