Chipotle Mexican Grill, Inc. $CMG Shares Purchased by Mather Group LLC.

Key Points

• Mather Group LLC increased its Chipotle stake by 3,324.5% during the third quarter, adding 395,244 shares to own 407,133 shares valued at approximately $13.0 million.
• Institutional investors and hedge funds collectively own 91.30% of Chipotle’s stock. Analysts remain broadly positive, with 23 Buy ratings and nine Holds, producing a “Moderate Buy” consensus and an average price target of $43.91.
• Chipotle reported quarterly revenue of $3.35 billion and earnings of $0.33 per share, slightly exceeding estimates; revenue increased 9.3% year over year.

Mather Group LLC. grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3,324.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 407,133 shares of the restaurant operator's stock after purchasing an additional 395,244 shares during the quarter. Mather Group LLC.'s holdings in Chipotle Mexican Grill were worth $13,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Groupama Asset Managment lifted its stake in Chipotle Mexican Grill by 1.9% in the fourth quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator's stock valued at $568,000 after buying an additional 291 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in shares of Chipotle Mexican Grill by 2.5% during the 1st quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator's stock worth $407,000 after buying an additional 311 shares in the last quarter. ANB Bank grew its position in shares of Chipotle Mexican Grill by 5.8% during the 1st quarter. ANB Bank now owns 6,317 shares of the restaurant operator's stock worth $202,000 after buying an additional 349 shares during the period. State of Wyoming grew its position in shares of Chipotle Mexican Grill by 10.9% during the 1st quarter. State of Wyoming now owns 3,759 shares of the restaurant operator's stock worth $120,000 after buying an additional 368 shares during the period. Finally, Valmark Advisers Inc. grew its position in shares of Chipotle Mexican Grill by 2.9% during the 1st quarter. Valmark Advisers Inc. now owns 13,275 shares of the restaurant operator's stock worth $425,000 after buying an additional 377 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CMG shares. Argus lifted their price objective on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Bank of America reissued a "buy" rating and set a $53.00 target price (up from $50.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, September 1st. Evercore reissued an "outperform" rating and set a $47.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Raymond James Financial restated an "outperform" rating and issued a $42.50 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Finally, Guggenheim restated a "neutral" rating and issued a $36.00 price target (up from $35.00) on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Twenty-three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average target price of $43.91.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the sale, the insider owned 21,415 shares in the company, valued at approximately $765,586.25. The trade was a 11.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.45% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $30.48 on Thursday. The business's 50 day simple moving average is $34.09 and its two-hundred day simple moving average is $33.49. The firm has a market cap of $38.57 billion, a P/E ratio of 27.96, a PEG ratio of 1.86 and a beta of 0.96. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $42.81.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company's quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that specializes in Mexican-inspired food made with a limited number of core ingredients. Its menu includes burritos, burrito bowls, tacos, quesadillas, salads and sides, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company also offers beverages, including soft drinks and other drinks, and allows customers to customize meals.

Founded by Steve Ells in 1993, Chipotle operates company-owned restaurants under the Chipotle Mexican Grill brand.

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