ERn Financial LLC Increases Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

ERn Financial LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,452 shares of the restaurant operator’s stock after purchasing an additional 258 shares during the period. ERn Financial LLC’s holdings in Chipotle Mexican Grill were worth $691,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Legal & General Group Plc raised its position in Chipotle Mexican Grill by 5,209.5% in 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 in the last quarter. Marshall Wace LLP increased its holdings in shares of Chipotle Mexican Grill by 76,617.6% in the 2nd quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock valued at $369,945,000 after purchasing an additional 5,897,255 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Chipotle Mexican Grill by 1,087.9% in the third quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock valued at $271,547,000 after purchasing an additional 4,315,983 shares during the period. Sei Investments Co. lifted its stake in shares of Chipotle Mexican Grill by 3,310.5% in the second quarter. Sei Investments Co. now owns 3,853,584 shares of the restaurant operator’s stock valued at $241,426,000 after purchasing an additional 3,740,593 shares during the period. Finally, Marsico Capital Management LLC boosted its holdings in Chipotle Mexican Grill by 4,820.5% during the second quarter. Marsico Capital Management LLC now owns 2,616,888 shares of the restaurant operator’s stock worth $163,948,000 after buying an additional 2,563,705 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 1.6 %

NYSE:CMG opened at $57.36 on Thursday. The company has a market cap of $78.16 billion, a P/E ratio of 53.39, a P/E/G ratio of 2.64 and a beta of 1.27. The firm’s 50 day moving average is $60.94 and its two-hundred day moving average is $57.91. Chipotle Mexican Grill, Inc. has a fifty-two week low of $45.50 and a fifty-two week high of $69.26.

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

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the 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 of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of a number of research analyst reports. Jefferies Financial Group increased their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Royal Bank of Canada raised their price objective on Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Piper Sandler boosted their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Wedbush reissued an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Profile

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.