American Century Companies Inc. Has $1.04 Billion Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

American Century Companies Inc. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,662,628 shares of the restaurant operator’s stock after buying an additional 425,648 shares during the quarter. Chipotle Mexican Grill accounts for 0.6% of American Century Companies Inc.’s portfolio, making the stock its 16th biggest holding. American Century Companies Inc.’s holdings in Chipotle Mexican Grill were worth $1,037,471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in Chipotle Mexican Grill in the first quarter worth about $25,000. HighMark Wealth Management LLC grew its stake in Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after buying an additional 371 shares during the last quarter. North Capital Inc. bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $30,000. ORG Wealth Partners LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $31,000. Finally, Mascagni Wealth Management Inc. bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CMG. Truist Financial dropped their target price on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, July 25th. Royal Bank Of Canada reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Barclays reduced their target price on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. Finally, Morgan Stanley reduced their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.37.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.81% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $43.10 on Friday. The firm has a 50 day simple moving average of $50.54 and a two-hundred day simple moving average of $51.25. The company has a market cap of $57.79 billion, a P/E ratio of 38.48, a P/E/G ratio of 2.21 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a one year low of $41.18 and a one year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the company earned $0.34 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 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.