Invesco LLC Acquires 551 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Invesco LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,701 shares of the restaurant operator’s stock after acquiring an additional 551 shares during the period. Invesco LLC’s holdings in Chipotle Mexican Grill were worth $585,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CMG. Assenagon Asset Management S.A. grew its stake in shares of Chipotle Mexican Grill by 1,087.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock valued at $271,547,000 after purchasing an additional 4,315,983 shares during the period. Congress Asset Management Co. acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $109,396,000. Thrivent Financial for Lutherans raised its stake in Chipotle Mexican Grill by 674.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after acquiring an additional 1,848,625 shares in the last quarter. Raymond James & Associates raised its stake in Chipotle Mexican Grill by 94.3% during the third quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator’s stock worth $171,118,000 after acquiring an additional 1,441,172 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 5,188.9% during the third quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator’s stock valued at $818,860,000 after acquiring an additional 1,394,270 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CMG shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday. Loop Capital lifted their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Evercore ISI boosted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Barclays lifted their price objective on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Finally, Wedbush restated an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.88.

Chipotle Mexican Grill Trading Up 0.6 %

Shares of NYSE CMG traded up $0.34 during midday trading on Wednesday, reaching $58.17. The company’s stock had a trading volume of 896,514 shares, compared to its average volume of 9,184,230. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.88 and a fifty-two week high of $69.26. The stock has a 50 day simple moving average of $60.61 and a 200-day simple moving average of $57.72. The stock has a market capitalization of $79.26 billion, a price-to-earnings ratio of 54.14, a PEG ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

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.