Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by ING Groep NV

ING Groep NV lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 203.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 524,132 shares of the restaurant operator’s stock after acquiring an additional 351,382 shares during the quarter. ING Groep NV’s holdings in Chipotle Mexican Grill were worth $31,605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Elk River Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $208,000. Ieq Capital LLC lifted its holdings in shares of Chipotle Mexican Grill by 46.3% during the 4th quarter. Ieq Capital LLC now owns 128,381 shares of the restaurant operator’s stock valued at $7,741,000 after acquiring an additional 40,654 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 14.6% during the 4th quarter. Global Retirement Partners LLC now owns 41,853 shares of the restaurant operator’s stock valued at $2,524,000 after acquiring an additional 5,345 shares in the last quarter. Semus Wealth Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 3.2% during the 4th quarter. Semus Wealth Partners LLC now owns 9,492 shares of the restaurant operator’s stock valued at $572,000 after acquiring an additional 290 shares in the last quarter. Finally, Wilkinson Global Asset Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 27.8% during the 4th quarter. Wilkinson Global Asset Management LLC now owns 578,602 shares of the restaurant operator’s stock valued at $34,890,000 after acquiring an additional 125,815 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

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 directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CMG shares. Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Wedbush cut their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Stifel Nicolaus cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. TD Cowen boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Barclays cut their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Trading Down 1.3 %

NYSE CMG opened at $53.80 on Thursday. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The stock has a market cap of $73.30 billion, a price-to-earnings ratio of 48.46, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The company has a 50-day moving average price of $59.14 and a two-hundred day moving average price of $58.18.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.