Next Century Growth Investors LLC Lowers Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Next Century Growth Investors LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.7% in the second quarter, Holdings Channel reports. The institutional investor owned 1,570 shares of the restaurant operator’s stock after selling 61 shares during the period. Next Century Growth Investors LLC’s holdings in Chipotle Mexican Grill were worth $2,434,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of CMG. Seeyond grew its position in shares of Chipotle Mexican Grill by 0.4% during the 2nd quarter. Seeyond now owns 1,568 shares of the restaurant operator’s stock valued at $2,430,000 after acquiring an additional 7 shares during the period. Ossiam lifted its position in shares of Chipotle Mexican Grill by 491.0% during the 2nd quarter. Ossiam now owns 2,819 shares of the restaurant operator’s stock valued at $5,253,000 after buying an additional 2,342 shares in the last quarter. Natixis increased its holdings in Chipotle Mexican Grill by 128.4% in the 2nd quarter. Natixis now owns 1,158 shares of the restaurant operator’s stock worth $1,795,000 after acquiring an additional 651 shares in the last quarter. Toroso Investments LLC lifted its stake in Chipotle Mexican Grill by 19.1% in the 2nd quarter. Toroso Investments LLC now owns 193 shares of the restaurant operator’s stock valued at $299,000 after buying an additional 31 shares in the last quarter. Finally, PAX Financial Group LLC raised its stake in Chipotle Mexican Grill by 13.6% in the 2nd quarter. PAX Financial Group LLC now owns 226 shares of the restaurant operator’s stock valued at $350,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.

In other news, Director Albert S. Baldocchi sold 263 shares of the business’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 sale, the director now owns 38,571 shares of the company’s stock, valued at approximately $68,721,179.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Roger E. Theodoredis sold 1,136 shares of the firm’s stock in a transaction dated Thursday, July 22nd. The shares were sold at an average price of $1,763.48, for a total value of $2,003,313.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,003 shares of company stock valued at $57,382,197. 1.00% of the stock is currently owned by corporate insiders.

A number of brokerages have issued reports on CMG. Cowen raised their target price on Chipotle Mexican Grill from $2,080.00 to $2,250.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 8th. Raymond James downgraded Chipotle Mexican Grill from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the company from $1,800.00 to $2,025.00 in a report on Monday, August 16th. Wedbush lifted their price objective on shares of Chipotle Mexican Grill from $1,800.00 to $2,150.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 7th. Stephens increased their target price on Chipotle Mexican Grill from $1,850.00 to $2,000.00 and gave the company an “overweight” rating in a report on Tuesday, October 5th. Finally, Truist lifted their price target on Chipotle Mexican Grill from $1,750.00 to $1,800.00 and gave the stock a “buy” rating in a report on Wednesday, July 21st. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $1,882.57.

NYSE CMG traded up $26.90 during trading hours on Thursday, hitting $1,837.45. The company had a trading volume of 2,621 shares, compared to its average volume of 273,736. The firm’s 50 day moving average is $1,879.21 and its 200 day moving average is $1,630.83. The company has a market capitalization of $51.62 billion, a price-to-earnings ratio of 88.06, a P/E/G ratio of 3.73 and a beta of 1.36. Chipotle Mexican Grill, Inc. has a fifty-two week low of $1,172.29 and a fifty-two week high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Monday, July 19th. The restaurant operator reported $7.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The company’s revenue for the quarter was up 38.7% compared to the same quarter last year. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 25.48 EPS for the current fiscal year.

Chipotle Mexican Grill Company 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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