Boussard & Gavaudan Investment Management LLP Invests $3.63 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Boussard & Gavaudan Investment Management LLP purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 63,065 shares of the restaurant operator’s stock, valued at approximately $3,629,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. raised its stake in Chipotle Mexican Grill by 2.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 633 shares of the restaurant operator’s stock worth $1,840,000 after purchasing an additional 13 shares during the period. Tidal Investments LLC increased its position in shares of Chipotle Mexican Grill by 32.4% during the first quarter. Tidal Investments LLC now owns 1,634 shares of the restaurant operator’s stock valued at $4,763,000 after acquiring an additional 400 shares during the last quarter. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $305,000. LRI Investments LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $168,000. Finally, Swedbank AB acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $53,979,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CMG. Loop Capital lifted 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. Evercore ISI lifted their price objective on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Oppenheimer restated an “outperform” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Piper Sandler lifted their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Wedbush restated an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.27.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill 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 transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. This represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock worth $1,866,023 in the last 90 days. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Price Performance

CMG stock opened at $62.04 on Thursday. The company has a fifty day moving average price of $58.73 and a 200 day moving average price of $81.01. Chipotle Mexican Grill, Inc. has a 12 month low of $43.66 and a 12 month high of $69.26. The company has a market cap of $84.53 billion, a price-to-earnings ratio of 57.74, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 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 firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share 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.