Ossiam Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ossiam increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 491.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,819 shares of the restaurant operator’s stock after acquiring an additional 2,342 shares during the period. Ossiam’s holdings in Chipotle Mexican Grill were worth $5,253,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CMG. Edgewood Management LLC lifted its position in shares of Chipotle Mexican Grill by 14.5% during the 1st quarter. Edgewood Management LLC now owns 1,283,830 shares of the restaurant operator’s stock valued at $1,824,091,000 after buying an additional 162,430 shares in the last quarter. Bessemer Group Inc. raised its stake in Chipotle Mexican Grill by 11,281.2% in the 2nd quarter. Bessemer Group Inc. now owns 114,040 shares of the restaurant operator’s stock valued at $176,800,000 after purchasing an additional 113,038 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $99,888,000. Arrowstreet Capital Limited Partnership raised its stake in Chipotle Mexican Grill by 181.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 60,360 shares of the restaurant operator’s stock valued at $85,761,000 after purchasing an additional 38,900 shares during the last quarter. Finally, Fred Alger Management LLC raised its stake in Chipotle Mexican Grill by 38.1% in the 1st quarter. Fred Alger Management LLC now owns 134,358 shares of the restaurant operator’s stock valued at $190,899,000 after purchasing an additional 37,045 shares during the last quarter. Hedge funds and other institutional investors own 90.32% of the company’s stock.

Several research firms recently commented on CMG. Stephens increased their price objective on Chipotle Mexican Grill from $1,850.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Tuesday, October 5th. BMO Capital Markets increased their price objective on Chipotle Mexican Grill from $1,460.00 to $1,750.00 and gave the company a “market perform” rating in a research note on Wednesday, July 21st. Barclays increased their price objective 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. Piper Sandler reaffirmed an “overweight” rating and issued a $2,600.00 target price (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, Raymond James downgraded Chipotle Mexican Grill from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $1,800.00 to $2,025.00 in a research note on Monday, August 16th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $1,882.57.

Shares of NYSE:CMG traded up $23.88 during midday trading on Thursday, reaching $1,834.43. 1,539 shares of the company’s stock were exchanged, compared to its average volume of 273,736. The firm’s 50 day simple moving average is $1,879.21 and its two-hundred day simple moving average is $1,630.83. Chipotle Mexican Grill, Inc. has a fifty-two week low of $1,172.29 and a fifty-two week high of $1,958.55. The stock has a market cap of $51.54 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 (NYSE:CMG) last announced its earnings results on Monday, July 19th. The restaurant operator reported $7.46 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 company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business posted $0.40 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 38.7% on a year-over-year basis. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 25.48 EPS for the current year.

In other news, CMO Christopher W. Brandt sold 2,695 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, July 22nd. The stock was sold at an average price of $1,753.73, for a total value of $4,726,302.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jack Hartung sold 12,023 shares of the business’s stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $1,920.83, for a total value of $23,094,139.09. The disclosure for this sale can be found here. Insiders have sold a total of 31,003 shares of company stock valued at $57,382,197 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

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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