Royal London Asset Management Ltd. Has $20.31 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Royal London Asset Management Ltd. reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 27.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 597,250 shares of the restaurant operator’s stock after selling 223,344 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Chipotle Mexican Grill were worth $20,306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Revolve Wealth Partners LLC boosted its position in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares in the last quarter. Groupama Asset Managment increased its stake in Chipotle Mexican Grill by 1.9% in the fourth quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after acquiring an additional 291 shares during the last quarter. Catalyst Financial Partners LLC raised its position in Chipotle Mexican Grill by 4.6% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock valued at $250,000 after purchasing an additional 298 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in Chipotle Mexican Grill by 2.5% during the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock valued at $407,000 after purchasing an additional 311 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in Chipotle Mexican Grill by 14.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 316 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Matthew R. Bush sold 2,675 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider owned 21,415 shares in the company, valued at $765,586.25. The trade was a 11.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their target price on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Raymond James Financial reissued an “outperform” rating and set a $42.50 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. TD Cowen restated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Weiss Ratings upgraded Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Finally, Piper Sandler reduced their price objective on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Twenty-three analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.84.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $38.08 on Monday. The company has a market cap of $48.19 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.42 and a beta of 0.94. The firm has a 50 day simple moving average of $34.33 and a 200 day simple moving average of $33.90. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $42.81.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.