Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by AGF Management Ltd.

AGF Management Ltd. boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 68.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,506,035 shares of the restaurant operator’s stock after purchasing an additional 614,481 shares during the quarter. AGF Management Ltd.’s holdings in Chipotle Mexican Grill were worth $75,618,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CMG. Nuveen LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $535,023,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Chipotle Mexican Grill by 4,138,574.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock valued at $501,620,000 after purchasing an additional 8,318,534 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock valued at $497,105,000 after purchasing an additional 4,903,969 shares during the last quarter. Voya Investment Management LLC raised its stake in Chipotle Mexican Grill by 114.2% in the 4th quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator’s stock valued at $541,914,000 after purchasing an additional 4,790,464 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. raised its stake in Chipotle Mexican Grill by 5,319.7% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock valued at $235,580,000 after purchasing an additional 4,759,520 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider directly owned 109,815 shares of the company’s stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of recent research reports. Morgan Stanley cut their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Melius initiated coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a “hold” rating and a $60.00 target price for the company. TD Securities reaffirmed a “buy” rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Argus cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Monday, April 28th. Finally, Barclays lowered their price target on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Thursday, July 24th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.71.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $41.47 on Monday. The stock has a fifty day moving average price of $51.21 and a 200 day moving average price of $51.57. The stock has a market cap of $55.61 billion, a PE ratio of 37.03, a P/E/G ratio of 2.11 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 1 year low of $41.43 and a 1 year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. Chipotle Mexican Grill’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company 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.