Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Increased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 10.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206 shares of the restaurant operator’s stock after acquiring an additional 20 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Chipotle Mexican Grill were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $449,935,000. BlackRock Inc. increased its position in Chipotle Mexican Grill by 9.7% during the fourth quarter. BlackRock Inc. now owns 1,969,178 shares of the restaurant operator’s stock worth $3,442,615,000 after buying an additional 173,771 shares during the last quarter. Brown Advisory Inc. increased its position in Chipotle Mexican Grill by 1,388.3% during the first quarter. Brown Advisory Inc. now owns 165,070 shares of the restaurant operator’s stock worth $261,281,000 after buying an additional 153,979 shares during the last quarter. Capital International Investors increased its position in Chipotle Mexican Grill by 17.7% during the first quarter. Capital International Investors now owns 884,040 shares of the restaurant operator’s stock worth $1,398,438,000 after buying an additional 133,080 shares during the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $81,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Roger E. Theodoredis sold 1,636 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $1,533.44, for a total value of $2,508,707.84. Following the sale, the insider now directly owns 5,258 shares of the company’s stock, valued at approximately $8,062,827.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Roger E. Theodoredis sold 1,636 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $1,533.44, for a total value of $2,508,707.84. Following the transaction, the insider now owns 5,258 shares in the company, valued at approximately $8,062,827.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Scott Boatwright sold 3,106 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $1,724.50, for a total transaction of $5,356,297.00. Following the completion of the transaction, the insider now owns 8,647 shares in the company, valued at approximately $14,911,751.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,825 shares of company stock valued at $15,603,167. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CMG shares. OTR Global raised Chipotle Mexican Grill from a “mixed” rating to a “positive” rating in a research report on Monday, June 27th. The Goldman Sachs Group downgraded Chipotle Mexican Grill from a “conviction-buy” rating to a “buy” rating and set a $1,720.00 price target on the stock. in a research report on Monday, July 18th. Deutsche Bank Aktiengesellschaft decreased their target price on Chipotle Mexican Grill from $1,505.00 to $1,503.00 and set a “hold” rating on the stock in a research report on Wednesday, July 27th. Cowen lifted their target price on Chipotle Mexican Grill from $1,850.00 to $1,950.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus raised their price target on shares of Chipotle Mexican Grill from $1,550.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Seven investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,845.14.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded down $50.75 on Friday, hitting $1,537.73. 13,099 shares of the company’s stock were exchanged, compared to its average volume of 210,409. The firm has a 50-day moving average price of $1,595.48 and a 200-day moving average price of $1,475.85. Chipotle Mexican Grill, Inc. has a 52 week low of $1,196.28 and a 52 week high of $1,958.55. The company has a market cap of $42.69 billion, a P/E ratio of 57.59, a price-to-earnings-growth ratio of 2.20 and a beta of 1.30.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 EPS for the quarter, topping the consensus estimate of $9.03 by $0.27. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 35.14%. During the same period in the previous year, the firm posted $7.46 EPS. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 32.5 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

(Get Rating)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

See Also

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating).

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.