Impax Asset Management Group plc Purchases 66,285 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Impax Asset Management Group plc boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 22.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 357,084 shares of the restaurant operator's stock after purchasing an additional 66,285 shares during the quarter. Impax Asset Management Group plc's holdings in Chipotle Mexican Grill were worth $17,929,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. HighMark Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 371 shares during the last quarter. North Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $30,000. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $31,000. ORG Wealth Partners LLC bought a new stake in Chipotle Mexican Grill during the first quarter worth approximately $31,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

CMG stock traded up $0.34 during midday trading on Wednesday, hitting $55.79. The stock had a trading volume of 5,627,350 shares, compared to its average volume of 12,789,529. The company's 50-day moving average price is $52.26 and its 200 day moving average price is $53.24. The firm has a market cap of $75.17 billion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 2.75 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates 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%. Chipotle Mexican Grill's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $13.37 EPS. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMG. Royal Bank Of Canada cut their price objective 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. Morgan Stanley reduced their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Guggenheim set a $47.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, April 25th. UBS Group lowered their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Truist Financial lifted their price target on Chipotle Mexican Grill from $63.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average price target of $61.04.

Chipotle Mexican Grill Company 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.