Natixis Advisors LLC Acquires 866,291 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Natixis Advisors LLC lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 97.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,753,841 shares of the restaurant operator’s stock after buying an additional 866,291 shares during the quarter. Natixis Advisors LLC owned approximately 0.13% of Chipotle Mexican Grill worth $101,056,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kingsview Wealth Management LLC lifted its stake in shares of Chipotle Mexican Grill by 41.2% during the 1st quarter. Kingsview Wealth Management LLC now owns 521 shares of the restaurant operator’s stock worth $1,514,000 after acquiring an additional 152 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in Chipotle Mexican Grill by 29.9% in the first quarter. Orion Portfolio Solutions LLC now owns 1,539 shares of the restaurant operator’s stock valued at $4,474,000 after buying an additional 354 shares during the last quarter. Nwam LLC acquired a new stake in Chipotle Mexican Grill in the 1st quarter worth approximately $220,000. M&G Plc acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $9,221,000. Finally, Intech Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 4.1% in the first quarter. Intech Investment Management LLC now owns 4,056 shares of the restaurant operator’s stock valued at $11,790,000 after purchasing an additional 158 shares during the period. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CMG shares. Piper Sandler raised their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Truist Financial increased their target price on Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Evercore ISI raised their price target on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Citigroup cut their target price on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Guggenheim upped their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $65.27.

Insiders Place Their Bets

In related news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This represents a 3.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock valued at $1,866,023 in the last quarter. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 2.1 %

Shares of NYSE:CMG opened at $58.63 on Friday. The firm has a market cap of $79.89 billion, a PE ratio of 54.79, a price-to-earnings-growth ratio of 2.39 and a beta of 1.26. The company has a fifty day simple moving average of $58.02 and a 200 day simple moving average of $81.06. Chipotle Mexican Grill, Inc. has a 12-month low of $43.10 and a 12-month 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.23 EPS. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS 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.