Impax Asset Management Group plc Invests $17.16 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Impax Asset Management Group plc purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 297,732 shares of the restaurant operator’s stock, valued at approximately $17,155,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMG. American Century Companies Inc. boosted its stake in shares of Chipotle Mexican Grill by 4,732.3% in the 2nd quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after buying an additional 19,759,754 shares during the last quarter. Legal & General Group Plc lifted its position in Chipotle Mexican Grill by 5,209.5% during the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock valued at $685,128,000 after purchasing an additional 10,729,706 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Chipotle Mexican Grill by 5,930.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after purchasing an additional 10,139,174 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Chipotle Mexican Grill by 4,816.1% during the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after purchasing an additional 8,186,198 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Chipotle Mexican Grill by 76,617.6% during the second quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock valued at $369,945,000 after acquiring an additional 5,897,255 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 2.2 %

CMG opened at $58.62 on Friday. The firm has a market cap of $79.88 billion, a price-to-earnings ratio of 54.79, a PEG ratio of 2.39 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 12 month low of $43.10 and a 12 month high of $69.26. The stock has a fifty day moving average price of $57.92 and a 200-day moving average price of $81.10.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Oppenheimer reissued an “outperform” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Stephens reissued an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday. Finally, TD Cowen raised their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.27.

Insider Buying and Selling

In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares in the company, valued at $26,052,740.28. The trade was a 3.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock worth $1,866,023 in the last ninety days. 1.02% of the stock is owned by insiders.

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.