Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Oak Ridge Investments LLC

Oak Ridge Investments LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 885 shares of the restaurant operator’s stock after purchasing an additional 54 shares during the quarter. Oak Ridge Investments LLC’s holdings in Chipotle Mexican Grill were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CMG. Edgewood Management LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $1,555,057,000. Norges Bank bought a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $355,121,000. Price T Rowe Associates Inc. MD grew its holdings in Chipotle Mexican Grill by 3.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,403,185 shares of the restaurant operator’s stock worth $3,332,521,000 after buying an additional 78,320 shares in the last quarter. BlackRock Inc. grew its holdings in Chipotle Mexican Grill by 3.4% in the 4th quarter. BlackRock Inc. now owns 1,955,400 shares of the restaurant operator’s stock worth $2,711,573,000 after buying an additional 64,028 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Chipotle Mexican Grill by 9.7% in the 4th quarter. Wells Fargo & Company MN now owns 444,662 shares of the restaurant operator’s stock worth $616,617,000 after buying an additional 39,383 shares in the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.

In related news, CMO Christopher W. Brandt sold 1,331 shares of the stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of $1,478.00, for a total transaction of $1,967,218.00. Also, Director Robin S. Hickenlooper sold 109 shares of the stock in a transaction on Wednesday, May 19th. The stock was sold at an average price of $1,300.00, for a total value of $141,700.00. Following the sale, the director now owns 944 shares of the company’s stock, valued at $1,227,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,998 shares of company stock valued at $8,970,361. 1.00% of the stock is owned by corporate insiders.

CMG opened at $1,344.69 on Friday. The firm has a fifty day simple moving average of $1,420.42. The stock has a market capitalization of $37.85 billion, a price-to-earnings ratio of 94.36, a P/E/G ratio of 2.92 and a beta of 1.35. Chipotle Mexican Grill, Inc. has a 12-month low of $964.50 and a 12-month high of $1,579.52.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, April 20th. The restaurant operator reported $5.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.92 by $0.44. Chipotle Mexican Grill had a return on equity of 19.45% and a net margin of 6.44%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company earned $3.08 earnings per share. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 24.54 earnings per share for the current year.

CMG has been the subject of a number of recent analyst reports. Evercore ISI increased their price objective on Chipotle Mexican Grill from $1,650.00 to $1,725.00 and gave the stock an “outperform” rating in a report on Thursday, April 22nd. Stephens raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $1,600.00 to $1,700.00 in a report on Thursday, May 27th. Credit Suisse Group increased their price target on Chipotle Mexican Grill from $1,760.00 to $1,875.00 and gave the company an “outperform” rating in a research note on Thursday, April 22nd. BMO Capital Markets increased their price target on Chipotle Mexican Grill from $1,415.00 to $1,460.00 and gave the company a “market perform” rating in a research note on Thursday, April 22nd. Finally, Cowen decreased their price target on Chipotle Mexican Grill from $1,900.00 to $1,850.00 and set an “outperform” rating for the company in a research note on Thursday, April 22nd. Eight analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $1,665.77.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of December 31, 2020, it owned and operated 2,724 Chipotle restaurants in the United States, 40 international Chipotle restaurants, and 4 non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Recommended Story: Fiduciary

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG).

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.