ASR Vermogensbeheer N.V. Makes New $9.49 Million Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• ASR Vermogensbeheer N.V. acquired a new position in Chipotle Mexican Grill, investing approximately $9.49 million for 189,071 shares during Q1.
• Insider Roger E. Theodoredis sold 113,875 shares at an average price of $49.70, reducing his holdings by 50.91%.
• Chipotle's stock received varying ratings from analysts, with a consensus target price of $60.71 and most ratings indicating a "Moderate Buy."

ASR Vermogensbeheer N.V. acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 189,071 shares of the restaurant operator's stock, valued at approximately $9,493,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Citizens Financial Group Inc. RI boosted its stake in Chipotle Mexican Grill by 55.8% in the first quarter. Citizens Financial Group Inc. RI now owns 9,942 shares of the restaurant operator's stock valued at $499,000 after acquiring an additional 3,560 shares during the last quarter. Strategy Asset Managers LLC boosted its position in shares of Chipotle Mexican Grill by 5.4% during the first quarter. Strategy Asset Managers LLC now owns 18,937 shares of the restaurant operator's stock worth $951,000 after purchasing an additional 968 shares in the last quarter. WealthShield Partners LLC boosted its position in shares of Chipotle Mexican Grill by 22.9% during the first quarter. WealthShield Partners LLC now owns 60,580 shares of the restaurant operator's stock worth $3,042,000 after purchasing an additional 11,289 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Chipotle Mexican Grill by 1.3% during the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock worth $6,148,884,000 after purchasing an additional 1,597,287 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Chipotle Mexican Grill by 98.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock worth $497,105,000 after purchasing an additional 4,903,969 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CMG shares. Piper Sandler lifted their price target on shares of Chipotle Mexican Grill from $52.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Loop Capital reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Royal Bank Of Canada reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Evercore ISI reduced their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, Argus cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Nine investment 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. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average target price of $60.71.

Chipotle Mexican Grill Trading Down 2.9%

Shares of Chipotle Mexican Grill stock traded down $1.22 during trading on Friday, hitting $41.47. 22,568,844 shares of the stock were exchanged, compared to its average volume of 21,007,966. The stock has a market capitalization of $55.61 billion, a price-to-earnings ratio of 37.03, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The company has a fifty day moving average price of $51.39 and a 200-day moving average price of $51.75. Chipotle Mexican Grill, Inc. has a 1-year low of $41.43 and a 1-year high of $66.74.

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

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated Monday, June 2nd. The shares were 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 of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.81% of the stock is owned by corporate insiders.

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.