Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,698 shares of the restaurant operator’s stock after purchasing an additional 986 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Chipotle Mexican Grill were worth $2,816,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its position in Chipotle Mexican Grill by 1,087.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock worth $271,547,000 after buying an additional 4,315,983 shares in the last quarter. Congress Asset Management Co. acquired a new position in Chipotle Mexican Grill during the third quarter worth $109,396,000. Thrivent Financial for Lutherans lifted its position in shares of Chipotle Mexican Grill by 674.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after buying an additional 1,848,625 shares during the last quarter. Raymond James & Associates boosted its position in Chipotle Mexican Grill by 94.3% during the third quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator’s stock worth $171,118,000 after purchasing an additional 1,441,172 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 5,188.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator’s stock worth $818,860,000 after buying an additional 1,394,270 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $56.22 on Wednesday. The stock’s fifty day moving average price is $60.03 and its 200 day moving average price is $57.99. The company has a market cap of $76.60 billion, a price-to-earnings ratio of 50.64, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CMG. Stephens decreased their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Barclays cut their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Piper Sandler cut their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Wedbush lowered their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $66.31.

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.