TCW Group Inc. Makes New $1.20 Million Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

TCW Group Inc. acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,100 shares of the restaurant operator’s stock, valued at approximately $1,197,000.

Several other large investors have also recently bought and sold shares of CMG. NewEdge Wealth LLC raised its position in Chipotle Mexican Grill by 7.1% in the fourth quarter. NewEdge Wealth LLC now owns 120 shares of the restaurant operator’s stock worth $274,000 after acquiring an additional 8 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Chipotle Mexican Grill by 1.5% in the fourth quarter. Vontobel Holding Ltd. now owns 1,006 shares of the restaurant operator’s stock valued at $2,301,000 after purchasing an additional 15 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Chipotle Mexican Grill by 4.0% in the fourth quarter. Mackenzie Financial Corp now owns 2,426 shares of the restaurant operator’s stock valued at $5,548,000 after purchasing an additional 94 shares during the last quarter. SVB Wealth LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $309,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Chipotle Mexican Grill by 44.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 55 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of several research reports. KeyCorp lowered their target price on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Citigroup lowered their target price on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Truist Financial reissued a “buy” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Wedbush raised Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $54.00 to $58.00 in a research note on Wednesday, August 14th. Finally, The Goldman Sachs Group decreased their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $52.47 on Monday. The stock’s 50-day moving average is $122.52 and its 200-day moving average is $80.72. The company has a market cap of $72.06 billion, a price-to-earnings ratio of 55.82, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. Chipotle Mexican Grill, Inc. has a 12 month low of $35.37 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the business posted $12.65 EPS. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill 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.