Blue Square Asset Management LLC Has $1.97 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Blue Square Asset Management LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 645.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,154 shares of the restaurant operator's stock after buying an additional 33,904 shares during the period. Blue Square Asset Management LLC's holdings in Chipotle Mexican Grill were worth $1,966,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $1,093,345,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Chipotle Mexican Grill by 4,138,574.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock worth $501,620,000 after purchasing an additional 8,318,534 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 114.2% during the fourth quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock worth $541,914,000 after purchasing an additional 4,790,464 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of Chipotle Mexican Grill by 2,145.9% during the fourth quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock worth $191,757,000 after purchasing an additional 3,038,460 shares during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $56.00 on Friday. The firm has a 50-day moving average of $52.58 and a 200-day moving average of $53.18. The company has a market cap of $75.45 billion, a PE ratio of 49.56, a PEG ratio of 2.79 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $66.74.

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, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $13.37 earnings per share. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Citigroup lifted their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday. Royal Bank Of Canada cut 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 report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Wells Fargo & Company dropped their target price on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $63.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average target price of $61.25.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business's 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 directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by insiders.

Chipotle Mexican Grill 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.

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