AustralianSuper Pty Ltd Purchases Shares of 93,893 Chipotle Mexican Grill, Inc. (NYSE:CMG)

AustralianSuper Pty Ltd acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 93,893 shares of the restaurant operator's stock, valued at approximately $4,714,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Private Wealth Services LLC lifted its holdings in shares of Chipotle Mexican Grill by 7.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 227,196 shares of the restaurant operator's stock valued at $11,408,000 after acquiring an additional 16,726 shares during the last quarter. Csenge Advisory Group raised its position in Chipotle Mexican Grill by 5.0% during the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock valued at $222,000 after purchasing an additional 220 shares during the period. Outfitter Financial LLC lifted its stake in shares of Chipotle Mexican Grill by 45.9% in the 1st quarter. Outfitter Financial LLC now owns 14,550 shares of the restaurant operator's stock valued at $731,000 after purchasing an additional 4,575 shares during the last quarter. Alexander Labrunerie & CO. Inc. boosted its holdings in shares of Chipotle Mexican Grill by 1.5% in the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 29,208 shares of the restaurant operator's stock worth $1,467,000 after purchasing an additional 433 shares during the period. Finally, Forte Capital LLC ADV boosted its holdings in shares of Chipotle Mexican Grill by 16.8% in the 1st quarter. Forte Capital LLC ADV now owns 14,352 shares of the restaurant operator's stock worth $721,000 after purchasing an additional 2,063 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Up 0.6%

CMG opened at $53.88 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $66.74. The firm has a market capitalization of $72.60 billion, a PE ratio of 47.68, a PEG ratio of 2.66 and a beta of 1.08. The firm's 50-day moving average price is $52.90 and its 200 day moving average price is $52.89.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the business earned $13.37 earnings per share. The company's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction on 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.81% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on CMG. Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $63.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Morgan Stanley dropped their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. KeyCorp upped their target price on Chipotle Mexican Grill from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. decreased their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Finally, Evercore ISI dropped their price objective on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average price target of $61.72.

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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