Knuff & Co LLC Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Knuff & Co LLC boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 536.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,650 shares of the restaurant operator’s stock after purchasing an additional 65,450 shares during the quarter. Chipotle Mexican Grill comprises about 1.4% of Knuff & Co LLC’s holdings, making the stock its 23rd largest position. Knuff & Co LLC’s holdings in Chipotle Mexican Grill were worth $4,474,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Shellback Capital LP lifted its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after purchasing an additional 122,500 shares in the last quarter. Swedbank AB bought a new position in Chipotle Mexican Grill in the first quarter worth about $53,979,000. Optas LLC boosted its holdings in shares of Chipotle Mexican Grill by 318.5% during the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock valued at $989,000 after acquiring an additional 13,060 shares during the period. Savvy Advisors Inc. acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth approximately $758,000. Finally, Pathway Financial Advisers LLC grew its position in Chipotle Mexican Grill by 5,662.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock valued at $498,000 after buying an additional 8,493 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the topic of several recent research reports. Evercore ISI lifted their price objective on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Stephens reissued an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. TD Cowen lifted their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Piper Sandler lifted their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.27.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $58.84 on Tuesday. The company has a market capitalization of $80.17 billion, a P/E ratio of 54.77, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26. The business has a 50-day moving average of $58.11 and a two-hundred day moving average of $81.28. Chipotle Mexican Grill, Inc. has a 1 year low of $43.20 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion during 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%. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’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 value of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The trade was a 4.13 % decrease in their position. The sale was disclosed in a document filed 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 directly owns 457,764 shares in the company, valued at $26,115,436.20. This represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,290 shares of company stock worth $1,866,023 over the last ninety days. Corporate insiders own 1.02% of the company’s stock.

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.