16,390 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, Holdings Channel reports. The firm bought 16,390 shares of the restaurant operator’s stock, valued at approximately $34,757,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Chipotle Mexican Grill by 0.5% during the first quarter. State Street Corp now owns 1,042,969 shares of the restaurant operator’s stock valued at $1,781,678,000 after purchasing an additional 5,358 shares in the last quarter. Geode Capital Management LLC increased its stake in Chipotle Mexican Grill by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 565,479 shares of the restaurant operator’s stock valued at $963,779,000 after buying an additional 9,520 shares during the period. Alliancebernstein L.P. raised its position in shares of Chipotle Mexican Grill by 8.3% during the 4th quarter. Alliancebernstein L.P. now owns 402,002 shares of the restaurant operator’s stock worth $557,774,000 after buying an additional 30,788 shares in the last quarter. Morgan Stanley lifted its stake in shares of Chipotle Mexican Grill by 65.8% in the 4th quarter. Morgan Stanley now owns 375,736 shares of the restaurant operator’s stock worth $521,332,000 after acquiring an additional 149,115 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Chipotle Mexican Grill by 150,224.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 339,734 shares of the restaurant operator’s stock valued at $726,690,000 after acquiring an additional 339,508 shares in the last quarter. Institutional investors and hedge funds own 91.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CMG shares. KeyCorp upped their target price on Chipotle Mexican Grill from $2,200.00 to $2,250.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Oppenheimer decreased their target price on Chipotle Mexican Grill from $2,300.00 to $2,225.00 and set an “outperform” rating for the company in a research note on Wednesday, October 4th. StockNews.com began coverage on shares of Chipotle Mexican Grill in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $2,075.00 to $1,981.00 in a research report on Thursday, July 27th. Finally, Raymond James dropped their target price on shares of Chipotle Mexican Grill from $2,300.00 to $2,100.00 and set an “outperform” rating on the stock in a report on Wednesday, October 18th. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $2,161.33.

Insider Activity

In other Chipotle Mexican Grill news, Director Patricia Filikrushel sold 57 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $2,049.81, for a total transaction of $116,839.17. Following the transaction, the director now directly owns 686 shares of the company’s stock, valued at $1,406,169.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Patricia Filikrushel sold 57 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $2,049.81, for a total value of $116,839.17. Following the completion of the sale, the director now directly owns 686 shares in the company, valued at approximately $1,406,169.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Scott Boatwright sold 1,423 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $2,042.02, for a total value of $2,905,794.46. Following the sale, the chief operating officer now directly owns 3,034 shares of the company’s stock, valued at approximately $6,195,488.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,642 shares of company stock worth $9,041,139. 0.96% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $2,162.22 on Monday. The firm has a market cap of $59.34 billion, a P/E ratio of 51.29, a PEG ratio of 1.89 and a beta of 1.33. Chipotle Mexican Grill, Inc. has a fifty-two week low of $1,344.05 and a fifty-two week high of $2,177.77. The stock’s 50-day moving average is $1,924.20 and its two-hundred day moving average is $1,980.78.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $11.36 EPS for the quarter, topping analysts’ consensus estimates of $10.46 by $0.90. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.47 billion. Chipotle Mexican Grill had a return on equity of 45.26% and a net margin of 12.27%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.51 earnings per share. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 44.04 EPS for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.