Aberdeen Group plc Increases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Aberdeen Group plc increased its holdings in Chipotle Mexican Grill by 106.6% in the first quarter, acquiring an additional 495,311 shares for a total of 960,162 shares worth approximately $47 million.
• Chipotle reported $0.33 earnings per share for the last quarter, exceeding analysts' expectations, although its revenue of $3.06 billion fell short of the consensus estimate.
• Insider Roger E. Theodoredis sold 113,875 shares of Chipotle, reflecting a significant 50.91% decrease in his holdings, which has raised concerns among investors.

Aberdeen Group plc lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 106.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 960,162 shares of the restaurant operator's stock after purchasing an additional 495,311 shares during the quarter. Aberdeen Group plc owned about 0.07% of Chipotle Mexican Grill worth $47,466,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth about $25,000. HighMark Wealth Management LLC grew its holdings in Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 371 shares during the period. North Capital Inc. acquired a new stake in Chipotle Mexican Grill during the first quarter worth about $30,000. ORG Wealth Partners LLC acquired a new stake in Chipotle Mexican Grill during the first quarter worth about $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $45,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Up 2.0%

Shares of NYSE CMG opened at $44.04 on Friday. The stock has a 50 day simple moving average of $50.37 and a 200-day simple moving average of $51.15. The company has a market cap of $59.05 billion, a PE ratio of 39.32, a P/E/G ratio of 2.19 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 12-month low of $41.18 and a 12-month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on CMG shares. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Truist Financial dropped their target price on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Loop Capital dropped their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Morgan Stanley dropped their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, TD Securities reaffirmed a "buy" rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Eight research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $60.22.

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.

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