Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 34.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,142 shares of the restaurant operator’s stock after acquiring an additional 5,142 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Chipotle Mexican Grill were worth $1,161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMG. Pacific Center for Financial Services increased its position in shares of Chipotle Mexican Grill by 8.0% during the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after purchasing an additional 4 shares during the last quarter. SVB Wealth LLC increased its position in shares of Chipotle Mexican Grill by 3.7% during the first quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock valued at $407,000 after acquiring an additional 5 shares during the last quarter. Nicolet Advisory Services LLC raised its stake in shares of Chipotle Mexican Grill by 1.9% in the 1st quarter. Nicolet Advisory Services LLC now owns 318 shares of the restaurant operator’s stock valued at $931,000 after acquiring an additional 6 shares during the period. Freestone Capital Holdings LLC lifted its holdings in shares of Chipotle Mexican Grill by 5.4% in the 1st quarter. Freestone Capital Holdings LLC now owns 136 shares of the restaurant operator’s stock worth $396,000 after acquiring an additional 7 shares during the last quarter. Finally, Semmax Financial Advisors Inc. boosted its position in shares of Chipotle Mexican Grill by 225.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s 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 transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated 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 owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on CMG shares. Loop Capital boosted their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Raymond James lowered their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Evercore ISI lifted their target price on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Truist Financial increased their price target on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group dropped their price objective on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $64.47.

Chipotle Mexican Grill Trading Up 2.1 %

Shares of Chipotle Mexican Grill stock opened at $60.49 on Wednesday. The company has a fifty day simple moving average of $57.52 and a 200-day simple moving average of $81.42. Chipotle Mexican Grill, Inc. has a 12-month low of $42.28 and a 12-month high of $69.26. The stock has a market cap of $82.42 billion, a price-to-earnings ratio of 56.30, a PEG ratio of 2.37 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, 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.