Mather Group LLC. Acquires 1,483 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mather Group LLC. increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,881 shares of the restaurant operator’s stock after purchasing an additional 1,483 shares during the period. Mather Group LLC.’s holdings in Chipotle Mexican Grill were worth $837,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Assenagon Asset Management S.A. lifted its position in Chipotle Mexican Grill by 1,087.9% during the third quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock valued at $271,547,000 after purchasing an additional 4,315,983 shares during the period. Congress Asset Management Co. bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $109,396,000. Thrivent Financial for Lutherans boosted its stake in shares of Chipotle Mexican Grill by 674.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after buying an additional 1,848,625 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Chipotle Mexican Grill by 94.3% in the third quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator’s stock worth $171,118,000 after acquiring an additional 1,441,172 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of Chipotle Mexican Grill by 5,188.9% in the third quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator’s stock worth $818,860,000 after acquiring an additional 1,394,270 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, 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. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Stock Up 1.3 %

Shares of CMG stock opened at $59.10 on Wednesday. The company’s fifty day simple moving average is $60.43 and its two-hundred day simple moving average is $57.80. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The stock has a market cap of $80.53 billion, a P/E ratio of 55.01, a PEG ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on CMG. Wells Fargo & Company raised their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Evercore ISI increased their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Piper Sandler boosted their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Ten equities 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 has a consensus rating of “Moderate Buy” and a consensus price target of $66.88.

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.