KBC Group NV Purchases 423,891 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

KBC Group NV raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 184.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 653,940 shares of the restaurant operator’s stock after acquiring an additional 423,891 shares during the period. KBC Group NV’s holdings in Chipotle Mexican Grill were worth $39,433,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in Chipotle Mexican Grill by 1,087.9% during the third quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock valued at $271,547,000 after purchasing an additional 4,315,983 shares during the last quarter. Congress Asset Management Co. acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $109,396,000. Thrivent Financial for Lutherans boosted its holdings in shares of Chipotle Mexican Grill by 674.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock valued at $122,314,000 after buying an additional 1,848,625 shares during the last quarter. Raymond James & Associates grew its stake in shares of Chipotle Mexican Grill by 94.3% in the third quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator’s stock valued at $171,118,000 after buying an additional 1,441,172 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Chipotle Mexican Grill by 5,188.9% during the third quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator’s stock worth $818,860,000 after buying an additional 1,394,270 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CMG shares. BMO Capital Markets increased their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Loop Capital lifted their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, January 22nd. Royal Bank of Canada raised their price objective on Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company boosted their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.77.

Chipotle Mexican Grill Trading Up 2.8 %

Shares of Chipotle Mexican Grill stock opened at $58.30 on Tuesday. The company has a market cap of $79.43 billion, a PE ratio of 54.26, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. The company has a 50 day moving average of $60.64 and a 200-day moving average of $57.72. Chipotle Mexican Grill, Inc. has a 1-year low of $46.29 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the prior year, the company earned $0.23 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Company 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.