Blueshift Asset Management LLC Purchases 13,189 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Blueshift Asset Management LLC lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 117.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,373 shares of the restaurant operator’s stock after buying an additional 13,189 shares during the quarter. Blueshift Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $1,404,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. American Century Companies Inc. boosted its position in Chipotle Mexican Grill by 4,732.3% in the 2nd 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 period. Legal & General Group Plc raised its position 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 valued at $685,128,000 after purchasing an additional 10,729,706 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Chipotle Mexican Grill by 5,930.8% during 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 buying an additional 10,139,174 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in 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 worth $523,514,000 after acquiring an additional 8,186,198 shares during the period. Finally, Marshall Wace LLP grew its holdings in Chipotle Mexican Grill by 76,617.6% during the 2nd quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock worth $369,945,000 after acquiring an additional 5,897,255 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Insider Activity

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. This represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. The trade was a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,290 shares of company stock worth $1,866,023 in the last ninety days. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.1 %

Shares of NYSE:CMG opened at $62.70 on Wednesday. Chipotle Mexican Grill, Inc. has a 12-month low of $43.66 and a 12-month high of $69.26. The business has a 50 day moving average of $58.62 and a two-hundred day moving average of $81.14. The company has a market capitalization of $85.43 billion, a PE ratio of 58.36, a PEG ratio of 2.49 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly 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 firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the firm posted $0.23 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CMG. Stephens reiterated an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Royal Bank of Canada assumed coverage on shares of Chipotle Mexican Grill in a research report on Friday, November 15th. They set an “outperform” rating and a $70.00 price target for the company. Citigroup cut their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Wells Fargo & Company raised their target price on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus 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.