Aigen Investment Management LP Acquires 9,489 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Aigen Investment Management LP increased its holdings in Chipotle Mexican Grill by 162.3%, acquiring an additional 9,489 shares, bringing their total ownership to 15,335 shares valued at approximately $770,000.
• Analysts have mixed perspectives on Chipotle, with Loop Capital lowering their target price to $63 while UBS Group raised it to $65; the consensus rating is currently a Moderate Buy with an average price target of $60.71.
• Insider Roger E. Theodoredis sold 113,875 shares at an average price of $49.70, which represented a significant 50.91% decrease in their ownership of the company's stock.

Aigen Investment Management LP raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 162.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 15,335 shares of the restaurant operator's stock after acquiring an additional 9,489 shares during the period. Aigen Investment Management LP's holdings in Chipotle Mexican Grill were worth $770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $25,000. HighMark Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares during the last quarter. North Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $31,000. Finally, Mechanics Financial Corp purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $38,000. Institutional investors own 91.31% of the company's stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill 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 directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CMG. Piper Sandler raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $53.00 to $50.00 in a report on Tuesday. Truist Financial reduced their target price on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a report on Friday, July 25th. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. UBS Group increased their target price on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Robert W. Baird reduced their target price on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. Eight analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus price target of $60.37.

Chipotle Mexican Grill Stock Up 1.5%

CMG traded up $0.66 during trading on Friday, reaching $43.83. The company had a trading volume of 5,711,938 shares, compared to its average volume of 14,093,122. The stock has a market cap of $58.76 billion, a P/E ratio of 39.11, a PEG ratio of 2.21 and a beta of 1.05. The business has a 50 day simple moving average of $50.54 and a 200-day simple moving average of $51.25. Chipotle Mexican Grill, Inc. has a 52 week low of $41.18 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The company 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%. Chipotle Mexican Grill's revenue was up 3.0% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.