Aviso Financial Inc. Makes New $856,000 Investment in Chipotle Mexican Grill, Inc. $CMG

Key Points

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Aviso Financial Inc. acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,058 shares of the restaurant operator's stock, valued at approximately $856,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Chipotle Mexican Grill by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock valued at $6,148,884,000 after purchasing an additional 1,597,287 shares during the period. American Century Companies Inc. raised its holdings in Chipotle Mexican Grill by 2.1% in the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock worth $1,037,471,000 after purchasing an additional 425,648 shares in the last quarter. Northern Trust Corp lifted its position in Chipotle Mexican Grill by 11.1% during the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after buying an additional 1,438,860 shares during the period. Nuveen LLC purchased a new position in Chipotle Mexican Grill during the first quarter valued at $535,023,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Chipotle Mexican Grill by 24.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock valued at $619,743,000 after buying an additional 2,006,338 shares in the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMG. UBS Group increased their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Truist Financial cut their price objective on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Piper Sandler upgraded shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $53.00 to $50.00 in a report on Tuesday, August 12th. Melius started coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 price target on the stock. Finally, BMO Capital Markets raised Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $56.00 to $65.00 in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $60.22.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the company's 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by insiders.

Chipotle Mexican Grill Stock Up 1.7%

Shares of NYSE CMG traded up $0.7470 during trading on Friday, reaching $43.6570. 7,686,685 shares of the company traded hands, compared to its average volume of 14,170,991. The firm has a 50 day simple moving average of $49.73 and a 200-day simple moving average of $50.73. Chipotle Mexican Grill, Inc. has a 52-week low of $41.18 and a 52-week high of $66.74. The stock has a market capitalization of $58.54 billion, a PE ratio of 38.97, a P/E/G ratio of 2.19 and a beta of 1.05.

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