Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 207,831 shares of the restaurant operator’s stock after acquiring an additional 8,221 shares during the quarter. CIBC Asset Management Inc’s holdings in Chipotle Mexican Grill were worth $12,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pittenger & Anderson Inc. raised its holdings in Chipotle Mexican Grill by 45.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 11,975 shares of the restaurant operator’s stock valued at $722,000 after buying an additional 3,725 shares during the period. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $715,000. Catalyst Capital Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $66,000. Principal Financial Group Inc. raised its holdings in Chipotle Mexican Grill by 11.7% in the 4th quarter. Principal Financial Group Inc. now owns 2,340,832 shares of the restaurant operator’s stock valued at $141,152,000 after buying an additional 245,324 shares during the period. Finally, Americana Partners LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $4,640,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 4.6 %

Shares of CMG opened at $54.48 on Wednesday. The company has a market capitalization of $74.23 billion, a price-to-earnings ratio of 49.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The stock has a 50 day moving average price of $59.35 and a 200 day moving average price of $58.16.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the topic of several research analyst reports. Truist Financial boosted their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Stephens cut their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Jefferies Financial Group boosted their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Finally, Robert W. Baird boosted their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

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.