64,020 Shares in Chipotle Mexican Grill, Inc. $CMG Acquired by Ninety One North America Inc.

Ninety One North America Inc. bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 64,020 shares of the restaurant operator’s stock, valued at approximately $2,176,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MV Capital Management Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $26,000. Osbon Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the second quarter worth $26,000. Meeder Asset Management Inc. bought a new position in Chipotle Mexican Grill during the second quarter worth about $27,000. Merkkuri Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $28,000. Finally, Kelleher Financial Advisors bought a new position in Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $35.75, for a total value of $95,631.25. Following the transaction, the insider directly owned 21,415 shares in the company, valued at $765,586.25. This trade represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CMG shares. Citigroup cut their price target on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 13th. JPMorgan Chase & Co. decreased their price objective on shares of Chipotle Mexican Grill from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Seaport Research Partners started coverage on Chipotle Mexican Grill in a research note on Wednesday, September 16th. They issued a “neutral” rating on the stock. Evercore reaffirmed an “outperform” rating and issued a $47.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Twenty-two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.87.

Chipotle Mexican Grill Stock Up 0.5%

Chipotle Mexican Grill stock traded up $0.14 during mid-day trading on Thursday, hitting $30.66. 5,802,718 shares of the stock were exchanged, compared to its average volume of 17,680,521. The firm’s fifty day simple moving average is $34.09 and its two-hundred day simple moving average is $33.49. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $42.74. The stock has a market capitalization of $38.80 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.86 and a beta of 0.96.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that specializes in Mexican-inspired food made with a limited number of core ingredients. Its menu includes burritos, burrito bowls, tacos, quesadillas, salads and sides, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company also offers beverages, including soft drinks and other drinks, and allows customers to customize meals.

Founded by Steve Ells in 1993, Chipotle operates company-owned restaurants under the Chipotle Mexican Grill brand.