OVERSEA CHINESE BANKING Corp Ltd Grows Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 34.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,142 shares of the restaurant operator’s stock after purchasing an additional 5,142 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Chipotle Mexican Grill were worth $1,161,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in Chipotle Mexican Grill by 27.9% in the first quarter. Empowered Funds LLC now owns 344 shares of the restaurant operator’s stock worth $1,000,000 after acquiring an additional 75 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Chipotle Mexican Grill by 9.7% in the 1st quarter. QRG Capital Management Inc. now owns 373 shares of the restaurant operator’s stock worth $1,085,000 after purchasing an additional 33 shares in the last quarter. US Bancorp DE grew its position in Chipotle Mexican Grill by 2.3% during the 1st quarter. US Bancorp DE now owns 1,988 shares of the restaurant operator’s stock worth $5,779,000 after purchasing an additional 45 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Chipotle Mexican Grill by 5.1% during the 1st quarter. Bleakley Financial Group LLC now owns 846 shares of the restaurant operator’s stock valued at $2,459,000 after purchasing an additional 41 shares in the last quarter. Finally, Dearborn Partners LLC raised its holdings in shares of Chipotle Mexican Grill by 28.8% in the first quarter. Dearborn Partners LLC now owns 134 shares of the restaurant operator’s stock worth $390,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 2.1 %

CMG stock opened at $60.49 on Wednesday. Chipotle Mexican Grill, Inc. has a 12-month low of $42.28 and a 12-month high of $69.26. The business’s 50-day moving average is $57.52 and its 200 day moving average is $81.42. The stock has a market cap of $82.42 billion, a price-to-earnings ratio of 56.30, a PEG ratio of 2.37 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the company posted $0.23 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was 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 $2,340,333.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock valued at $1,866,023 in the last 90 days. 1.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup dropped 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 report on Wednesday, October 30th. Robert W. Baird increased their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Truist Financial raised their price objective on Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. BMO Capital Markets upped their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Loop Capital raised their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.47.

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.