Victory Capital Management Inc. Raises Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Victory Capital Management Inc. boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 592,344 shares of the restaurant operator's stock after buying an additional 10,756 shares during the quarter. Victory Capital Management Inc.'s holdings in Chipotle Mexican Grill were worth $29,742,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC increased its stake in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Chipotle Mexican Grill by 22.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after acquiring an additional 279,267 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Chipotle Mexican Grill by 100.5% in the fourth quarter. Proficio Capital Partners LLC now owns 6,998 shares of the restaurant operator's stock valued at $422,000 after acquiring an additional 3,507 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in Chipotle Mexican Grill by 6.9% during the fourth quarter. TD Private Client Wealth LLC now owns 26,603 shares of the restaurant operator's stock worth $1,604,000 after acquiring an additional 1,715 shares in the last quarter. Finally, Summit Global Investments acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $371,000. Institutional investors 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 stock in a transaction on 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 transaction, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is owned by insiders.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded down $7.04 during trading hours on Thursday, reaching $45.74. The stock had a trading volume of 77,684,078 shares, compared to its average volume of 12,293,414. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74. The stock has a market capitalization of $61.62 billion, a PE ratio of 40.84, a PEG ratio of 2.64 and a beta of 1.08. The company's 50-day moving average is $52.86 and its two-hundred day moving average is $52.70.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.32% and a net margin of 13.32%. The firm's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CMG shares. Piper Sandler upped their price objective on Chipotle Mexican Grill from $52.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday. Citigroup decreased their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday. Royal Bank Of Canada dropped their target price 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. Stephens reiterated an "equal weight" rating and issued a $60.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday. Finally, UBS Group boosted their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Nine equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average target price of $61.10.

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.