Sarasin & Partners LLP Increases Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sarasin & Partners LLP grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 115.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,317 shares of the restaurant operator’s stock after buying an additional 119,217 shares during the quarter. Sarasin & Partners LLP’s holdings in Chipotle Mexican Grill were worth $13,406,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Trueblood Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 19.3% during the 4th quarter. Trueblood Wealth Management LLC now owns 5,441 shares of the restaurant operator’s stock valued at $328,000 after buying an additional 882 shares in the last quarter. Diversify Advisory Services LLC raised its position in Chipotle Mexican Grill by 14.5% in the 4th quarter. Diversify Advisory Services LLC now owns 30,036 shares of the restaurant operator’s stock worth $1,697,000 after purchasing an additional 3,800 shares during the period. Diversify Wealth Management LLC raised its position in Chipotle Mexican Grill by 4.4% in the 4th quarter. Diversify Wealth Management LLC now owns 53,160 shares of the restaurant operator’s stock worth $3,004,000 after purchasing an additional 2,221 shares during the period. LVW Advisors LLC raised its position in Chipotle Mexican Grill by 4.5% in the 4th quarter. LVW Advisors LLC now owns 7,180 shares of the restaurant operator’s stock worth $433,000 after purchasing an additional 307 shares during the period. Finally, Grove Bank & Trust raised its position in Chipotle Mexican Grill by 21.7% in the 4th quarter. Grove Bank & Trust now owns 1,400 shares of the restaurant operator’s stock worth $84,000 after purchasing an additional 250 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on CMG. Truist Financial increased their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Oppenheimer increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Wells Fargo & Company upped their target price on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Piper Sandler upped their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Stephens restated an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.81.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.4 %

NYSE:CMG opened at $57.52 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $46.01 and a 52 week high of $69.26. The firm has a 50 day moving average of $60.91 and a 200 day moving average of $57.85. The stock has a market capitalization of $78.38 billion, a price-to-earnings ratio of 53.54, a PEG ratio of 1.91 and a beta of 1.27.

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

Chipotle Mexican Grill Company 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.