Thrivent Financial for Lutherans Purchases 1,848,625 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Thrivent Financial for Lutherans raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 674.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,122,778 shares of the restaurant operator’s stock after buying an additional 1,848,625 shares during the quarter. Thrivent Financial for Lutherans owned 0.16% of Chipotle Mexican Grill worth $122,314,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. increased its position in Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 9 shares during the period. Crewe Advisors LLC acquired a new stake in Chipotle Mexican Grill during the first quarter worth approximately $44,000. LRI Investments LLC bought a new position in Chipotle Mexican Grill during the 1st quarter worth $168,000. Pacific Center for Financial Services raised its holdings in Chipotle Mexican Grill by 8.0% in the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after acquiring an additional 4 shares in the last quarter. Finally, Nwam LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $220,000. Institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CMG shares. Loop Capital raised their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Truist Financial raised their target price on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup reduced their price target on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. TD Cowen lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI upped their target price on Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.27.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the sale, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. This represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value 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. This represents a 4.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock worth $1,866,023 over the last three months. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Trading Down 2.1 %

NYSE CMG opened at $58.63 on Friday. The firm has a market capitalization of $79.89 billion, a PE ratio of 54.57, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26. The business’s 50-day moving average price is $58.02 and its two-hundred day moving average price is $81.18. Chipotle Mexican Grill, Inc. has a 12 month low of $43.10 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the prior year, the business posted $0.23 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

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.