Russell Investments Group Ltd. Has $132.32 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Russell Investments Group Ltd. increased its stake in Chipotle Mexican Grill by 28.1%, owning approximately 0.20% of the company, with a total value of $132.32 million after acquiring additional shares.
• Insider Roger E. Theodoredis sold 113,875 shares, reducing their ownership by 50.91% and highlighting notable insider transactions at Chipotle.
• Despite recent decreases in price objectives from various analysts, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" with a target price of $60.71.

Russell Investments Group Ltd. raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 28.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,635,442 shares of the restaurant operator's stock after purchasing an additional 578,520 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.20% of Chipotle Mexican Grill worth $132,315,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Prudential PLC grew its stake in Chipotle Mexican Grill by 11.1% in the first quarter. Prudential PLC now owns 57,100 shares of the restaurant operator's stock valued at $2,867,000 after purchasing an additional 5,722 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in shares of Chipotle Mexican Grill by 7.3% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 430,797 shares of the restaurant operator's stock worth $21,611,000 after acquiring an additional 29,225 shares during the last quarter. Callan Family Office LLC increased its holdings in shares of Chipotle Mexican Grill by 73.7% during the 1st quarter. Callan Family Office LLC now owns 75,006 shares of the restaurant operator's stock worth $3,766,000 after acquiring an additional 31,821 shares during the last quarter. Stone House Investment Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $85,000. Finally, HighTower Advisors LLC increased its holdings in shares of Chipotle Mexican Grill by 15.9% during the 1st quarter. HighTower Advisors LLC now owns 579,254 shares of the restaurant operator's stock worth $29,084,000 after acquiring an additional 79,293 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction that occurred 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 owned 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $41.62 on Tuesday. The business has a 50 day simple moving average of $51.05 and a 200 day simple moving average of $51.47. The stock has a market capitalization of $55.81 billion, a P/E ratio of 37.16, a P/E/G ratio of 2.11 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a one year low of $41.18 and a one year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CMG shares. Royal Bank Of Canada decreased their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Truist Financial decreased their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Evercore ISI decreased their price objective on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Guggenheim decreased their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. Finally, Morgan Stanley cut their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Nine investment 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. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.71.

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.

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