Phoenix Holdings Ltd. Purchases Shares of 200 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Phoenix Holdings Ltd. purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 200 shares of the restaurant operator’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FDx Advisors Inc. raised its position in shares of Chipotle Mexican Grill by 36.2% in the 2nd quarter. FDx Advisors Inc. now owns 824 shares of the restaurant operator’s stock worth $867,000 after acquiring an additional 219 shares in the last quarter. Campbell Wealth Management bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $62,000. Dorsey Wright & Associates bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $999,000. Gulf International Bank UK Ltd raised its stake in shares of Chipotle Mexican Grill by 0.5% during the second quarter. Gulf International Bank UK Ltd now owns 6,337 shares of the restaurant operator’s stock valued at $6,668,000 after acquiring an additional 30 shares in the last quarter. Finally, Dupont Capital Management Corp raised its stake in shares of Chipotle Mexican Grill by 223.4% during the second quarter. Dupont Capital Management Corp now owns 883 shares of the restaurant operator’s stock valued at $929,000 after acquiring an additional 610 shares in the last quarter. 87.79% of the stock is owned by institutional investors and hedge funds.

NYSE:CMG opened at $1,292.57 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $415.00 and a one year high of $1,384.46. The firm has a market cap of $36.17 billion, a price-to-earnings ratio of 154.61, a PEG ratio of 5.46 and a beta of 1.43. The firm’s fifty day moving average is $1,284.72 and its two-hundred day moving average is $1,163.65.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, October 21st. The restaurant operator reported $3.76 EPS for the quarter, beating the consensus estimate of $3.44 by $0.32. Chipotle Mexican Grill had a net margin of 4.08% and a return on equity of 16.70%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company earned $3.82 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 10.97 EPS for the current year.

In other news, insider Roger E. Theodoredis sold 2,651 shares of the stock in a transaction dated Tuesday, November 17th. The shares were sold at an average price of $1,267.17, for a total transaction of $3,359,267.67. Following the sale, the insider now directly owns 4,293 shares of the company’s stock, valued at approximately $5,439,960.81. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of Chipotle Mexican Grill from $1,200.00 to $1,325.00 and gave the company a “neutral” rating in a research note on Monday, September 28th. The Goldman Sachs Group lifted their price target on shares of Chipotle Mexican Grill from $1,250.00 to $1,425.00 and gave the company a “conviction-buy” rating in a research note on Friday, September 11th. Robert W. Baird boosted their price objective on shares of Chipotle Mexican Grill from $1,350.00 to $1,600.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. Royal Bank of Canada boosted their price objective on shares of Chipotle Mexican Grill from $1,250.00 to $1,320.00 and gave the stock a “sector perform” rating in a research note on Monday, October 19th. Finally, KeyCorp boosted their price objective on shares of Chipotle Mexican Grill from $1,300.00 to $1,475.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $1,317.95.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2019, it operated 2,580 restaurants in the United States; 39 international Chipotle restaurants; and 3 non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further Reading: Insider Trading

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

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