Mackenzie Financial Corp Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mackenzie Financial Corp raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,975.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,280 shares of the restaurant operator’s stock after acquiring an additional 124,772 shares during the quarter. Mackenzie Financial Corp’s holdings in Chipotle Mexican Grill were worth $7,974,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Chipotle Mexican Grill by 4,943.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,311,002 shares of the restaurant operator’s stock valued at $82,134,000 after purchasing an additional 1,285,006 shares in the last quarter. Maverick Capital Ltd. increased its holdings in Chipotle Mexican Grill by 8,880.4% in the second quarter. Maverick Capital Ltd. now owns 48,225 shares of the restaurant operator’s stock valued at $3,021,000 after buying an additional 47,688 shares during the last quarter. Dark Forest Capital Management LP increased its holdings in Chipotle Mexican Grill by 5,893.5% in the second quarter. Dark Forest Capital Management LP now owns 12,886 shares of the restaurant operator’s stock valued at $807,000 after buying an additional 12,671 shares during the last quarter. Daymark Wealth Partners LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at $251,000. Finally, DoubleLine ETF Adviser LP purchased a new stake in Chipotle Mexican Grill during the 2nd quarter worth about $2,288,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.4 %

CMG stock opened at $57.59 on Tuesday. The firm has a 50 day moving average of $54.61 and a 200-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 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion during 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%. Chipotle Mexican Grill’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the business posted $12.65 EPS. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Raymond James dropped their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Guggenheim increased their price target on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Evercore ISI reduced their price objective on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. TD Cowen restated a “buy” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, September 12th. Finally, Barclays cut their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The disclosure for this sale can be found here. Insiders sold 34,934 shares of company stock valued at $1,918,589 in the last 90 days. 1.02% of the stock is currently owned by insiders.

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.