Charles Schwab Investment Management Inc. Has $450.87 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Chipotle Mexican Grill by 5.8%, owning approximately 8.98 million shares worth $450.87 million as of the latest SEC filing.
• Insider Roger E. Theodoredis sold 113,875 shares of Chipotle stock, resulting in a significant decrease of 50.91% in his ownership of the company's stock.
• Analysts have varying price targets for Chipotle stock, with an average consensus price target of $60.71, indicating a moderately positive outlook overall.

Charles Schwab Investment Management Inc. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,979,637 shares of the restaurant operator's stock after purchasing an additional 491,002 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.67% of Chipotle Mexican Grill worth $450,868,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CMG. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in 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 valued at $501,620,000 after purchasing an additional 8,318,534 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Chipotle Mexican Grill by 98.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock valued at $497,105,000 after buying an additional 4,903,969 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 114.2% in the fourth quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock valued at $541,914,000 after buying an additional 4,790,464 shares during the period. Montrusco Bolton Investments Inc. boosted its holdings in shares of Chipotle Mexican Grill by 5,319.7% in the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after buying an additional 4,759,520 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $127,892,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm'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 transaction, the insider directly owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This trade 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 is available through the SEC website. Corporate insiders own 0.81% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Raymond James Financial reiterated an "outperform" rating and issued a $60.00 price target (down previously from $62.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 24th. Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Morgan Stanley reduced their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Argus cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Finally, Truist Financial reduced their target price 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. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.71.

Chipotle Mexican Grill Stock Down 2.9%

Shares of CMG traded down $1.22 during trading hours on Friday, hitting $41.47. The company had a trading volume of 22,568,844 shares, compared to its average volume of 21,007,966. The firm has a market cap of $55.61 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 2.17 and a beta of 1.05. The business has a fifty day moving average of $51.21 and a 200-day moving average of $51.64. Chipotle Mexican Grill, Inc. has a 12 month low of $41.43 and a 12 month high of $66.74.

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 the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.