Advisors Asset Management Inc. Has $2.70 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Advisors Asset Management Inc. raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 46,854 shares of the restaurant operator’s stock after purchasing an additional 10,638 shares during the period. Advisors Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $2,700,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of Chipotle Mexican Grill by 4,732.3% during the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after buying an additional 19,759,754 shares during the last quarter. Legal & General Group Plc boosted its holdings in Chipotle Mexican Grill by 5,209.5% during the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after acquiring an additional 10,729,706 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Chipotle Mexican Grill by 5,930.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after acquiring an additional 10,139,174 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Chipotle Mexican Grill by 4,816.1% in 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 during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of 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 purchasing an additional 5,897,255 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CMG shares. Truist Financial upped 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. Loop Capital upped their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Royal Bank of Canada began coverage on Chipotle Mexican Grill in a research note on Friday, November 15th. They issued an “outperform” rating and a $70.00 price objective for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.27.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $100,920.20. Following 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 position. The disclosure for this sale can be found here. Insiders have sold 33,290 shares of company stock valued at $1,866,023 in the last quarter. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $62.01 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $43.66 and a one year high of $69.26. The firm has a fifty day moving average price of $58.45 and a two-hundred day moving average price of $81.06. The company has a market cap of $84.49 billion, a price-to-earnings ratio of 57.95, a PEG ratio of 2.41 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $0.23 EPS. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.