Paloma Partners Management Co Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Paloma Partners Management Co raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 227.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 153,857 shares of the restaurant operator’s stock after buying an additional 106,802 shares during the period. Paloma Partners Management Co’s holdings in Chipotle Mexican Grill were worth $8,865,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. American Century Companies Inc. raised its position in shares of Chipotle Mexican Grill by 4,732.3% in the 2nd quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after purchasing an additional 19,759,754 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Chipotle Mexican Grill by 5,209.5% during the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after purchasing an additional 10,729,706 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after purchasing an additional 10,139,174 shares during the period. Bank of New York Mellon Corp grew its stake in Chipotle Mexican Grill by 4,816.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after acquiring an additional 8,186,198 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Chipotle Mexican Grill by 11.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock valued at $476,593,000 after acquiring an additional 858,704 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CMG shares. Stifel Nicolaus restated a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Barclays lifted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Truist Financial boosted their price objective on Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada initiated coverage on Chipotle Mexican Grill in a research report on Friday, November 15th. They set an “outperform” rating and a $70.00 price objective for the company. Finally, BMO Capital Markets boosted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.27.

Chipotle Mexican Grill Stock Down 0.9 %

Shares of Chipotle Mexican Grill stock opened at $61.52 on Monday. Chipotle Mexican Grill, Inc. has a 12 month low of $43.66 and a 12 month high of $69.26. The business has a fifty day simple moving average of $58.89 and a 200 day simple moving average of $81.11. The stock has a market cap of $83.83 billion, a PE ratio of 57.50, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data 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. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Activity

In other news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock valued at $1,866,023 over the last three months. Insiders own 1.02% of the company’s stock.

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.