Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 199,610 shares of the restaurant operator’s stock after purchasing an additional 14,868 shares during the quarter. CIBC Asset Management Inc’s holdings in Chipotle Mexican Grill were worth $11,502,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CMG. Nwam LLC acquired a new position in Chipotle Mexican Grill in the first quarter valued at $220,000. O Shaughnessy Asset Management LLC increased its stake in shares of Chipotle Mexican Grill by 19.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,990 shares of the restaurant operator’s stock worth $5,784,000 after acquiring an additional 327 shares during the period. Seven Eight Capital LP increased its stake in shares of Chipotle Mexican Grill by 1,058.7% during the first quarter. Seven Eight Capital LP now owns 1,599 shares of the restaurant operator’s stock worth $4,648,000 after acquiring an additional 1,461 shares during the period. Clearbridge Investments LLC increased its stake in shares of Chipotle Mexican Grill by 1.0% during the first quarter. Clearbridge Investments LLC now owns 3,422 shares of the restaurant operator’s stock worth $9,947,000 after acquiring an additional 34 shares during the period. Finally, UniSuper Management Pty Ltd increased its stake in shares of Chipotle Mexican Grill by 216.5% during the first quarter. UniSuper Management Pty Ltd now owns 728 shares of the restaurant operator’s stock worth $2,116,000 after acquiring an additional 498 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 2.1 %

NYSE:CMG opened at $58.63 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $43.10 and a 12 month high of $69.26. The firm has a market cap of $79.89 billion, a price-to-earnings ratio of 54.79, a P/E/G ratio of 2.39 and a beta of 1.26. The company’s 50 day moving average is $58.02 and its 200-day moving average is $81.06.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Chipotle Mexican Grill’s revenue was up 13.0% compared to the same quarter last year. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Activity

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was 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 directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The trade was a 4.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,290 shares of company stock worth $1,866,023. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on CMG shares. Royal Bank of Canada assumed coverage on shares of Chipotle Mexican Grill in a report on Friday. They set an “outperform” rating and a $70.00 price objective on the stock. The Goldman Sachs Group dropped their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Wedbush reaffirmed an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Truist Financial increased their price objective on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Loop Capital increased their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $65.27.

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.