Raymond James Financial Inc. Buys New Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,227,543 shares of the restaurant operator's stock, valued at approximately $315,220,000. Raymond James Financial Inc. owned approximately 0.38% of Chipotle Mexican Grill at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator's stock worth $1,612,682,000 after acquiring an additional 438,007 shares during the last quarter. Franklin Resources Inc. increased its stake in Chipotle Mexican Grill by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator's stock worth $805,692,000 after purchasing an additional 381,873 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new position in Chipotle Mexican Grill in the 4th quarter worth about $692,701,000. Janus Henderson Group PLC raised its holdings in Chipotle Mexican Grill by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator's stock worth $566,439,000 after buying an additional 518,521 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Chipotle Mexican Grill by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator's stock valued at $511,865,000 after buying an additional 288,266 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Barclays cut their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. KeyCorp decreased their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Piper Sandler dropped their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Finally, Oppenheimer increased their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.60.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares of the company's stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Down 0.7 %

Shares of NYSE:CMG traded down $0.37 during trading on Monday, reaching $49.86. The stock had a trading volume of 19,050,447 shares, compared to its average volume of 13,106,864. The stock has a fifty day simple moving average of $56.47 and a two-hundred day simple moving average of $58.11. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The firm has a market capitalization of $67.57 billion, a price-to-earnings ratio of 44.91, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.