124,150 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 124,150 shares of the restaurant operator’s stock, valued at approximately $7,778,000.

Several other institutional investors have also added to or reduced their stakes in the business. Marsico Capital Management LLC boosted its holdings in Chipotle Mexican Grill by 4,820.5% during the 2nd quarter. Marsico Capital Management LLC now owns 2,616,888 shares of the restaurant operator’s stock valued at $163,948,000 after acquiring an additional 2,563,705 shares during the period. Blair William & Co. IL increased its stake in Chipotle Mexican Grill by 4,780.0% in the 2nd quarter. Blair William & Co. IL now owns 2,286,275 shares of the restaurant operator’s stock worth $143,235,000 after purchasing an additional 2,239,425 shares during the period. Zega Financial LLC lifted its position in Chipotle Mexican Grill by 5,164.1% in the second quarter. Zega Financial LLC now owns 14,950 shares of the restaurant operator’s stock valued at $937,000 after purchasing an additional 14,666 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Chipotle Mexican Grill by 5,680.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 149,076 shares of the restaurant operator’s stock valued at $9,340,000 after purchasing an additional 146,497 shares during the period. Finally, Amalgamated Bank grew its holdings in shares of Chipotle Mexican Grill by 4,837.1% in the second quarter. Amalgamated Bank now owns 294,496 shares of the restaurant operator’s stock worth $18,450,000 after purchasing an additional 288,531 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 1.5 %

Chipotle Mexican Grill stock opened at $58.50 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The company has a market capitalization of $80.34 billion, a P/E ratio of 62.23, a PEG ratio of 2.33 and a beta of 1.25. The stock’s 50 day moving average is $54.29 and its 200 day moving average is $81.15.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the company posted $12.65 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the sale, the insider now owns 358,300 shares in the company, valued at $19,591,844. The disclosure for this sale can be found here. Insiders have sold a total of 34,934 shares of company stock worth $1,918,589 in the last quarter. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CMG. BMO Capital Markets lowered their price target on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Oppenheimer dropped their target price on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Wedbush reissued an “outperform” rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, August 29th. Truist Financial reiterated a “buy” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Finally, Piper Sandler cut their price objective on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $62.36.

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.