Arthur M. Cohen & Associates LLC Purchases 1,900 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Arthur M. Cohen & Associates LLC boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,653 shares of the restaurant operator’s stock after purchasing an additional 1,900 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in Chipotle Mexican Grill were worth $3,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CMG. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Chipotle Mexican Grill by 4,138,574.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock worth $501,620,000 after acquiring an additional 8,318,534 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock valued at $1,815,061,000 after acquiring an additional 6,853,470 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. 91.31% of the stock is owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the sale, the insider now directly owns 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CMG shares. Loop Capital decreased their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Robert W. Baird decreased their price target on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Evercore ISI lowered their price objective on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Truist Financial cut their target price on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, Wedbush lowered their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.60.

Chipotle Mexican Grill Trading Up 4.1%

CMG stock opened at $52.12 on Thursday. The stock has a market capitalization of $70.22 billion, a price-to-earnings ratio of 46.95, a PEG ratio of 2.04 and a beta of 1.06. The firm’s 50-day moving average price is $50.06 and its two-hundred day moving average price is $54.77. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Chipotle Mexican Grill’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $13.37 earnings per share. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 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.