Quantitative Investment Management LLC Invests $3.81 Million in Chipotle Mexican Grill, Inc. $CMG

Quantitative Investment Management LLC bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, Holdings Channel.com reports. The fund bought 111,929 shares of the restaurant operator’s stock, valued at approximately $3,805,000.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in Chipotle Mexican Grill in the second quarter worth about $4,417,475,000. Capital World Investors boosted its position in Chipotle Mexican Grill by 15.8% during the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after acquiring an additional 13,843,222 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Chipotle Mexican Grill by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after acquiring an additional 9,237,720 shares in the last quarter. Capital International Investors grew its holdings in shares of Chipotle Mexican Grill by 17.7% during the 4th quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after acquiring an additional 6,796,285 shares during the period. Finally, Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $711,837,000. Institutional investors own 91.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CMG shares. Mizuho raised their target price on Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. TD Cowen reaffirmed a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Raymond James Financial reiterated an “outperform” rating and issued a $42.50 price objective on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Stephens reissued a “positive” rating and set a $40.00 price objective (up from $36.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Finally, Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Twenty-three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.84.

Insider Buying and Selling

In other news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $35.75, for a total value of $95,631.25. Following the sale, the insider directly owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. This represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $38.08 on Monday. The firm has a 50 day moving average price of $34.33 and a 200-day moving average price of $33.90. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $42.81. The firm has a market capitalization of $48.19 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.42 and a beta of 0.94.

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