Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Rathbones Group PLC

Rathbones Group PLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,697.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,550 shares of the restaurant operator’s stock after purchasing an additional 3,476 shares during the period. Rathbones Group PLC’s holdings in Chipotle Mexican Grill were worth $222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. Evermay Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill by 1.8% during the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after acquiring an additional 4 shares during the last quarter. Peloton Wealth Strategists lifted its stake in shares of Chipotle Mexican Grill by 0.3% during the fourth quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after buying an additional 4 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of Chipotle Mexican Grill by 19.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock valued at $73,000 after buying an additional 4 shares during the last quarter. Diversified Trust Co increased its position in shares of Chipotle Mexican Grill by 0.9% in the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after acquiring an additional 4 shares during the period. Finally, Valley National Advisers Inc. raised its stake in Chipotle Mexican Grill by 9.8% in the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock worth $131,000 after acquiring an additional 4 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Truist Financial reaffirmed a “buy” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. TD Cowen reiterated a “buy” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, September 12th. Citigroup lowered their price objective on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $2,340,333.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 $19,591,844. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,934 shares of company stock worth $1,918,589. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.5 %

NYSE:CMG opened at $58.50 on Wednesday. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The stock’s fifty day moving average is $54.29 and its two-hundred day moving average is $81.15. The stock has a market capitalization of $80.34 billion, a price-to-earnings ratio of 62.23, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25.

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

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.