Nilsine Partners LLC Has $1.83 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nilsine Partners LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 30.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,264 shares of the restaurant operator’s stock after acquiring an additional 7,070 shares during the period. Nilsine Partners LLC’s holdings in Chipotle Mexican Grill were worth $1,825,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mackenzie Financial Corp grew its holdings in Chipotle Mexican Grill by 4,975.0% during the 2nd quarter. Mackenzie Financial Corp now owns 127,280 shares of the restaurant operator’s stock worth $7,974,000 after acquiring an additional 124,772 shares during the last quarter. Driehaus Capital Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 4,213.0% during the second quarter. Driehaus Capital Management LLC now owns 11,300 shares of the restaurant operator’s stock worth $708,000 after purchasing an additional 11,038 shares during the period. Creative Planning lifted its holdings in shares of Chipotle Mexican Grill by 5,498.1% during the second quarter. Creative Planning now owns 242,957 shares of the restaurant operator’s stock worth $15,221,000 after purchasing an additional 238,617 shares during the period. Nemes Rush Group LLC increased its holdings in Chipotle Mexican Grill by 7,976.9% in the second quarter. Nemes Rush Group LLC now owns 3,150 shares of the restaurant operator’s stock valued at $197,000 after purchasing an additional 3,111 shares during the period. Finally, Silver Lake Advisory LLC bought a new position in Chipotle Mexican Grill during the 2nd quarter worth $330,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Trading Up 2.8 %

Chipotle Mexican Grill stock opened at $58.30 on Tuesday. The firm has a market capitalization of $79.43 billion, a price-to-earnings ratio of 54.26, a P/E/G ratio of 1.88 and a beta of 1.27. The firm has a 50 day simple moving average of $60.64 and a 200 day simple 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 quarterly earnings data 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 company 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%. During the same period in the previous year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CMG. Jefferies Financial Group increased their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. BMO Capital Markets raised their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Citigroup reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating on the stock in a research note on Monday. Raymond James lifted their target price on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Finally, Piper Sandler upped their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $66.77.

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.