Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,475 shares of the restaurant operator’s stock after buying an additional 2,025 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Chipotle Mexican Grill were worth $2,332,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Empowered Funds LLC lifted its holdings in Chipotle Mexican Grill by 27.9% during the first quarter. Empowered Funds LLC now owns 344 shares of the restaurant operator’s stock valued at $1,000,000 after purchasing an additional 75 shares in the last quarter. QRG Capital Management Inc. increased its stake in Chipotle Mexican Grill by 9.7% during the 1st quarter. QRG Capital Management Inc. now owns 373 shares of the restaurant operator’s stock worth $1,085,000 after buying an additional 33 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 41.2% during the first quarter. Kingsview Wealth Management LLC now owns 521 shares of the restaurant operator’s stock valued at $1,514,000 after acquiring an additional 152 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Chipotle Mexican Grill by 29.9% in the first quarter. Orion Portfolio Solutions LLC now owns 1,539 shares of the restaurant operator’s stock valued at $4,474,000 after acquiring an additional 354 shares in the last quarter. Finally, Nwam LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter worth approximately $220,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. The trade was a 3.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction on 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 sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The trade was a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,290 shares of company stock valued at $1,866,023 in the last three months. 1.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on CMG. TD Cowen increased their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wedbush reissued an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Guggenheim upped their price objective 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. Truist Financial raised their target price on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price target on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $64.47.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $59.92 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $42.98 and a one year high of $69.26. The firm has a 50 day simple moving average of $57.78 and a 200-day simple moving average of $81.24. The firm has a market cap of $81.64 billion, a price-to-earnings ratio of 55.77, a PEG ratio of 2.44 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the company posted $0.23 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.