Impax Asset Management Group plc Acquires Shares of 297,732 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Impax Asset Management Group plc bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 297,732 shares of the restaurant operator’s stock, valued at approximately $17,155,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. First National Bank of Hutchinson grew its position in shares of Chipotle Mexican Grill by 1.1% during the 1st quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock worth $1,099,000 after purchasing an additional 4 shares in the last quarter. Pacific Center for Financial Services increased its stake in Chipotle Mexican Grill by 8.0% during the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after acquiring an additional 4 shares during the period. Abbrea Capital LLC raised its holdings in Chipotle Mexican Grill by 4.3% in the 1st quarter. Abbrea Capital LLC now owns 122 shares of the restaurant operator’s stock valued at $355,000 after acquiring an additional 5 shares in the last quarter. PFG Advisors lifted its position in shares of Chipotle Mexican Grill by 3.8% during the 1st quarter. PFG Advisors now owns 136 shares of the restaurant operator’s stock valued at $396,000 after acquiring an additional 5 shares during the period. Finally, Verus Capital Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 1.2% during the 1st quarter. Verus Capital Partners LLC now owns 413 shares of the restaurant operator’s stock worth $1,200,000 after purchasing an additional 5 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the transaction, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,290 shares of company stock valued at $1,866,023 over the last three months. 1.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CMG shares. KeyCorp cut their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Wedbush reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. The Goldman Sachs Group dropped their target price on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Raymond James reduced their price target on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Loop Capital raised their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.47.

Chipotle Mexican Grill Trading Down 3.8 %

Shares of Chipotle Mexican Grill stock opened at $56.38 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $40.73 and a 12 month high of $69.26. The stock has a 50 day moving average of $57.31 and a 200 day moving average of $81.45. The firm has a market cap of $77.21 billion, a PE ratio of 52.48, a PEG ratio of 2.27 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business’s quarterly revenue 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 research analysts forecast 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.