Y Intercept Hong Kong Ltd Grows Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Y Intercept Hong Kong Ltd boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 81.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,299 shares of the restaurant operator's stock after acquiring an additional 57,032 shares during the period. Y Intercept Hong Kong Ltd's holdings in Chipotle Mexican Grill were worth $6,392,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Alliancebernstein L.P. increased its position in Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after buying an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC grew its stake in Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock valued at $1,712,238,000 after acquiring an additional 395,053 shares during the period. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $1,093,345,000. Northern Trust Corp raised its position in shares of Chipotle Mexican Grill by 11.1% during the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after purchasing an additional 1,438,860 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Chipotle Mexican Grill by 24.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock worth $619,743,000 after purchasing an additional 2,006,338 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE CMG traded down $7.04 during trading on Thursday, hitting $45.74. The company's stock had a trading volume of 70,721,385 shares, compared to its average volume of 13,236,256. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74. The company has a market cap of $61.62 billion, a PE ratio of 40.48, a P/E/G ratio of 2.62 and a beta of 1.08. The business's 50 day simple moving average is $52.98 and its 200-day simple moving average is $52.78.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the company earned $0.34 earnings per share. Chipotle Mexican Grill's revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on Chipotle Mexican Grill from $52.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday. Evercore ISI dropped their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley lowered their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Melius assumed coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 price objective on the stock. Finally, Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Nine 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $61.10.

Insider Buying and Selling

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business'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 transaction of $5,659,587.50. Following the transaction, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.81% of the company's stock.

Chipotle Mexican Grill 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.