Perpetual Ltd Grows Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Perpetual Ltd boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 208.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,793 shares of the restaurant operator’s stock after purchasing an additional 8,643 shares during the period. Perpetual Ltd’s holdings in Chipotle Mexican Grill were worth $771,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CMG. Royal Fund Management LLC lifted its stake in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Royal Fund Management LLC now owns 35,662 shares of the restaurant operator’s stock worth $2,150,000 after buying an additional 1,609 shares during the period. Ballentine Partners LLC grew its stake in Chipotle Mexican Grill by 3.7% during the 4th quarter. Ballentine Partners LLC now owns 15,648 shares of the restaurant operator’s stock valued at $944,000 after purchasing an additional 555 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $228,000. Harbor Investment Advisory LLC raised its stake in shares of Chipotle Mexican Grill by 4.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 37,979 shares of the restaurant operator’s stock worth $2,290,000 after purchasing an additional 1,550 shares during the last quarter. Finally, Overbrook Management Corp purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $8,414,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Piper Sandler increased their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird upped their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Stephens reiterated an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Finally, BMO Capital Markets boosted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Trading Down 0.5 %

Chipotle Mexican Grill stock opened at $55.93 on Thursday. The stock has a market cap of $76.21 billion, a P/E ratio of 52.06, a PEG ratio of 1.94 and a beta of 1.27. The company has a 50-day moving average price of $60.79 and a 200 day moving average price of $57.75. Chipotle Mexican Grill, Inc. has a 12-month low of $46.01 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced 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. The business had revenue of $2.79 billion for 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 company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Chipotle Mexican Grill 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.