Universal Beteiligungs und Servicegesellschaft mbH Acquires 954,127 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 74.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,243,400 shares of the restaurant operator's stock after buying an additional 954,127 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.17% of Chipotle Mexican Grill worth $112,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in CMG. Cloud Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth about $25,000. HighMark Wealth Management LLC raised its position in Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares during the last quarter. North Capital Inc. acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $30,000. ORG Wealth Partners LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth $31,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $38,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the sale, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.02% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CMG shares. TD Securities reissued a "buy" rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Wells Fargo & Company boosted their price objective on Chipotle Mexican Grill from $55.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Truist Financial boosted their price target on Chipotle Mexican Grill from $63.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Evercore ISI cut their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, Stephens reiterated an "equal weight" rating and issued a $49.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, June 9th. Nine research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.72.

Chipotle Mexican Grill Stock Down 0.9%

Shares of CMG traded down $0.46 on Tuesday, hitting $52.00. The company's stock had a trading volume of 3,207,855 shares, compared to its average volume of 12,499,602. The firm's fifty day moving average price is $52.90 and its 200-day moving average price is $52.84. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74. The firm has a market capitalization of $70.07 billion, a price-to-earnings ratio of 46.15, a P/E/G ratio of 2.66 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The business's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $13.37 EPS. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.

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