Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 15.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 579,254 shares of the restaurant operator's stock after buying an additional 79,293 shares during the period. HighTower Advisors LLC's holdings in Chipotle Mexican Grill were worth $29,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CMG. Nuveen LLC acquired a new stake in Chipotle Mexican Grill in the 1st quarter valued at $535,023,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Chipotle Mexican Grill by 4,138,574.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after buying an additional 8,318,534 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Chipotle Mexican Grill by 98.1% during the 1st 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 during the last quarter. Voya Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 114.2% during the 4th 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 last quarter. Finally, Montrusco Bolton Investments Inc. increased its stake in shares of Chipotle Mexican Grill by 5,319.7% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock worth $235,580,000 after purchasing an additional 4,759,520 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the topic of a number of research reports. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and upped their price target for the company from $56.00 to $65.00 in a research note on Friday, July 18th. Truist Financial cut their price objective on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a report on Friday, July 25th. Piper Sandler raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $53.00 to $50.00 in a report on Tuesday. Stephens reaffirmed an "equal weight" rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 24th. Finally, Barclays cut their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Eight research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $60.22.

Chipotle Mexican Grill Stock Up 2.0%

Shares of NYSE CMG traded up $0.87 during trading on Friday, reaching $44.04. 19,039,548 shares of the company traded hands, compared to its average volume of 23,392,978. The stock has a market capitalization of $59.05 billion, a PE ratio of 39.32, a P/E/G ratio of 2.19 and a beta of 1.05. The firm has a 50 day simple moving average of $50.37 and a 200-day simple moving average of $51.15. Chipotle Mexican Grill, Inc. has a 52-week low of $41.18 and a 52-week high of $66.74.

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

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the sale, the insider directly owned 109,815 shares in the company, 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 through the SEC website. 0.81% of the stock is 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.