B. Metzler seel. Sohn & Co. Holding AG Invests $2.84 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 49,250 shares of the restaurant operator’s stock, valued at approximately $2,838,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.0% in the 1st quarter. Clearbridge Investments LLC now owns 3,422 shares of the restaurant operator’s stock worth $9,947,000 after purchasing an additional 34 shares during the period. Pitcairn Co. boosted its stake in shares of Chipotle Mexican Grill by 8.4% during the first quarter. Pitcairn Co. now owns 168 shares of the restaurant operator’s stock valued at $488,000 after purchasing an additional 13 shares during the period. Natixis bought a new position in shares of Chipotle Mexican Grill in the first quarter worth about $4,165,000. Crewe Advisors LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth about $44,000. Finally, CreativeOne Wealth LLC increased its holdings in Chipotle Mexican Grill by 92.4% during the 1st quarter. CreativeOne Wealth LLC now owns 254 shares of the restaurant operator’s stock worth $738,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,290 shares of company stock worth $1,866,023. Corporate insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on CMG shares. Citigroup cut their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Barclays lifted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Raymond James decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research report on Thursday, July 25th. The Goldman Sachs Group cut their price objective on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.27.

Chipotle Mexican Grill Trading Up 0.3 %

Shares of NYSE:CMG opened at $58.88 on Thursday. The company has a market capitalization of $80.23 billion, a PE ratio of 55.03, a PEG ratio of 2.36 and a beta of 1.26. The business has a 50 day moving average of $58.26 and a two-hundred day moving average of $81.10. Chipotle Mexican Grill, Inc. has a 12-month low of $43.66 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 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.