Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by QS Investors LLC

QS Investors LLC grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 715.3% during the second quarter, HoldingsChannel reports. The firm owned 2,617 shares of the restaurant operator’s stock after purchasing an additional 2,296 shares during the quarter. QS Investors LLC’s holdings in Chipotle Mexican Grill were worth $4,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Lido Advisors LLC increased its holdings in shares of Chipotle Mexican Grill by 2.3% in the first quarter. Lido Advisors LLC now owns 437 shares of the restaurant operator’s stock valued at $621,000 after purchasing an additional 10 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Chipotle Mexican Grill by 0.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,218 shares of the restaurant operator’s stock valued at $1,888,000 after purchasing an additional 10 shares during the period. Cerity Partners LLC increased its holdings in shares of Chipotle Mexican Grill by 1.6% in the first quarter. Cerity Partners LLC now owns 696 shares of the restaurant operator’s stock valued at $989,000 after purchasing an additional 11 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Chipotle Mexican Grill by 1.4% in the first quarter. Clearbridge Investments LLC now owns 811 shares of the restaurant operator’s stock valued at $1,152,000 after purchasing an additional 11 shares during the period. Finally, Calamos Wealth Management LLC increased its holdings in shares of Chipotle Mexican Grill by 2.2% in the second quarter. Calamos Wealth Management LLC now owns 516 shares of the restaurant operator’s stock valued at $800,000 after purchasing an additional 11 shares during the period. 90.32% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on CMG shares. Morgan Stanley lifted their price target on Chipotle Mexican Grill from $1,646.00 to $1,790.00 and gave the company an “equal weight” rating in a research note on Wednesday. Barclays lifted their price target on Chipotle Mexican Grill from $1,530.00 to $1,600.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 21st. They noted that the move was a valuation call. Wells Fargo & Company lifted their price target on Chipotle Mexican Grill from $1,800.00 to $2,180.00 and gave the company an “overweight” rating in a research note on Thursday, October 7th. Piper Sandler restated an “overweight” rating and issued a $2,600.00 price target (up from $2,235.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, September 15th. They noted that the move was a valuation call. Finally, Wedbush lifted their price target on Chipotle Mexican Grill from $1,800.00 to $2,150.00 and gave the company an “outperform” rating in a research note on Tuesday, September 7th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $1,882.57.

Shares of NYSE:CMG opened at $1,810.55 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $1,172.29 and a 52-week high of $1,958.55. The stock’s fifty day simple moving average is $1,879.21 and its 200-day simple moving average is $1,630.83. The company has a market capitalization of $50.87 billion, a P/E ratio of 88.06, a P/E/G ratio of 3.73 and a beta of 1.36.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Monday, July 19th. The restaurant operator reported $7.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $6.52 by $0.94. Chipotle Mexican Grill had a return on equity of 28.27% and a net margin of 8.57%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the business earned $0.40 earnings per share. The business’s revenue was up 38.7% on a year-over-year basis. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 25.48 EPS for the current year.

In related news, Director Albert S. Baldocchi sold 263 shares of the company’s stock in a transaction on Thursday, July 22nd. The stock was sold at an average price of $1,781.68, for a total value of $468,581.84. Following the completion of the transaction, the director now directly owns 38,571 shares in the company, valued at $68,721,179.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 10,421 shares of the company’s stock in a transaction on Thursday, July 22nd. The shares were sold at an average price of $1,800.87, for a total value of $18,766,866.27. Following the completion of the transaction, the chief executive officer now owns 39,524 shares of the company’s stock, valued at $71,177,585.88. The disclosure for this sale can be found here. Insiders sold 31,003 shares of company stock worth $57,382,197 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.

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

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