Jacobs & Co. CA Purchases 4,943 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Jacobs & Co. CA lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,393 shares of the restaurant operator’s stock after purchasing an additional 4,943 shares during the quarter. Jacobs & Co. CA’s holdings in Chipotle Mexican Grill were worth $6,536,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in Chipotle Mexican Grill by 4,732.3% during the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after acquiring an additional 19,759,754 shares during the last quarter. Legal & General Group Plc increased its stake in Chipotle Mexican Grill by 5,209.5% during the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after acquiring an additional 10,729,706 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Chipotle Mexican Grill by 5,930.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after acquiring an additional 10,139,174 shares during the last quarter. Marshall Wace LLP increased its stake in Chipotle Mexican Grill by 76,617.6% during the second quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock worth $369,945,000 after acquiring an additional 5,897,255 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in Chipotle Mexican Grill by 4,565.8% during the second quarter. William Blair Investment Management LLC now owns 5,078,767 shares of the restaurant operator’s stock worth $318,185,000 after acquiring an additional 4,969,916 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMG has been the topic of several analyst reports. BMO Capital Markets boosted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Citigroup lowered their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Truist Financial boosted their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Raymond James upped their target price on Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, TD Cowen upped their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.81.

Chipotle Mexican Grill Stock Down 2.2 %

Shares of CMG stock traded down $1.25 during mid-day trading on Friday, hitting $56.67. 6,026,522 shares of the stock were exchanged, compared to its average volume of 7,597,832. The firm has a fifty day moving average of $60.98 and a 200 day moving average of $80.51. Chipotle Mexican Grill, Inc. has a 52-week low of $44.53 and a 52-week high of $69.26. The company has a market cap of $77.22 billion, a PE ratio of 52.75, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 EPS. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.