Sumitomo Mitsui DS Asset Management Company Ltd Purchases 11,726 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 156,738 shares of the restaurant operator’s stock after acquiring an additional 11,726 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Chipotle Mexican Grill were worth $9,451,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Transcendent Capital Group LLC increased its holdings in shares of Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the third quarter worth about $32,000. Capital Performance Advisors LLP bought a new position in Chipotle Mexican Grill in the 3rd quarter worth about $33,000. Global Trust Asset Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $35,000. Finally, Sound Income Strategies LLC boosted its position in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions 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 stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CMG. Barclays decreased their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Piper Sandler decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Raymond James reduced their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday. Ten analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Trading Down 0.1 %

Shares of Chipotle Mexican Grill stock opened at $57.29 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26. The company has a market cap of $78.06 billion, a P/E ratio of 53.32, a PEG ratio of 2.07 and a beta of 1.27. The company’s fifty day simple moving average is $60.17 and its two-hundred day simple moving average is $57.83.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS 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.