Oppenheimer & Co. Inc. Grows Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Oppenheimer & Co. Inc. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 20.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 828 shares of the restaurant operator’s stock after purchasing an additional 143 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Chipotle Mexican Grill were worth $1,517,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in Chipotle Mexican Grill by 1.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,191 shares of the restaurant operator’s stock worth $9,509,000 after purchasing an additional 78 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in Chipotle Mexican Grill by 30.8% during the 3rd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 6,172 shares of the restaurant operator’s stock worth $11,306,000 after purchasing an additional 1,452 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in Chipotle Mexican Grill by 14.4% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 610 shares of the restaurant operator’s stock worth $1,117,000 after purchasing an additional 77 shares during the last quarter. Chartwell Investment Partners LLC boosted its stake in Chipotle Mexican Grill by 91.6% during the 3rd quarter. Chartwell Investment Partners LLC now owns 1,364 shares of the restaurant operator’s stock worth $2,499,000 after purchasing an additional 652 shares during the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth $240,000. Institutional investors and hedge funds own 91.19% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In related news, CEO Brian R. Niccol sold 1,996 shares of Chipotle Mexican Grill stock in a transaction on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the transaction, the chief executive officer now directly owns 22,447 shares in the company, valued at approximately $53,870,779.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,100 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $2,278.45, for a total value of $2,506,295.00. Following the transaction, the chief executive officer now owns 22,447 shares in the company, valued at $51,144,367.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the completion of the sale, the chief executive officer now directly owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,189 shares of company stock valued at $9,700,908. Corporate insiders own 0.96% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $2,487.74 on Wednesday. The business’s fifty day moving average price is $2,300.54 and its two-hundred day moving average price is $2,068.54. The company has a market capitalization of $68.26 billion, a P/E ratio of 59.01, a PEG ratio of 1.83 and a beta of 1.29. Chipotle Mexican Grill, Inc. has a 1-year low of $1,470.05 and a 1-year high of $2,506.07.

Analysts Set New Price Targets

CMG has been the topic of several analyst reports. Barclays lifted their price target on Chipotle Mexican Grill from $1,885.00 to $2,246.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 3rd. Raymond James lifted their price target on Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Oppenheimer lifted their price target on Chipotle Mexican Grill from $2,225.00 to $2,525.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Morgan Stanley lifted their price target on Chipotle Mexican Grill from $2,010.00 to $2,070.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Finally, KeyCorp lifted their price target on Chipotle Mexican Grill from $2,200.00 to $2,250.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Nine investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,301.89.

Read Our Latest Stock Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Company Profile

(Free Report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.

See Also

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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