Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12,800.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,250 shares of the restaurant operator’s stock after acquiring an additional 519,194 shares during the period. Intech Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $32,782,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. MQS Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $252,000. XTX Topco Ltd acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $653,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $31,000. WCG Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $968,000. Finally, Kentucky Retirement Systems raised its stake in Chipotle Mexican Grill by 4,871.2% in the second quarter. Kentucky Retirement Systems now owns 103,500 shares of the restaurant operator’s stock valued at $6,484,000 after buying an additional 101,418 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $57.95 on Friday. The stock has a market capitalization of $79.59 billion, a P/E ratio of 61.65, a PEG ratio of 2.33 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The company has a 50 day moving average price of $54.27 and a two-hundred day moving average price of $80.82.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the company earned $12.65 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 18.2% on a year-over-year basis. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The disclosure for this sale can be found here. Insiders sold 34,934 shares of company stock valued at $1,918,589 in the last ninety days. Company insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $67.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Truist Financial reaffirmed a “buy” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Guggenheim raised their price target on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Loop Capital lowered their price target on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday, July 25th. Finally, Wedbush reissued an “outperform” rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.36.

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.