Norden Group LLC Takes $2.16 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Norden Group LLC bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 744 shares of the restaurant operator’s stock, valued at approximately $2,163,000.

A number of other institutional investors have also recently added to or reduced their stakes in CMG. Nordea Investment Management AB lifted its holdings in Chipotle Mexican Grill by 104.5% during the fourth quarter. Nordea Investment Management AB now owns 29,192 shares of the restaurant operator’s stock valued at $66,555,000 after purchasing an additional 14,915 shares in the last quarter. Moody National Bank Trust Division lifted its stake in Chipotle Mexican Grill by 1.0% in the 1st quarter. Moody National Bank Trust Division now owns 490 shares of the restaurant operator’s stock valued at $1,424,000 after buying an additional 5 shares in the last quarter. Perpetual Ltd acquired a new stake in Chipotle Mexican Grill in the 1st quarter worth about $730,000. GAMMA Investing LLC increased its stake in Chipotle Mexican Grill by 27.6% during the 1st quarter. GAMMA Investing LLC now owns 250 shares of the restaurant operator’s stock worth $727,000 after buying an additional 54 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in Chipotle Mexican Grill by 0.7% during the 1st quarter. Gulf International Bank UK Ltd now owns 2,281 shares of the restaurant operator’s stock worth $6,630,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity

In related news, CEO Brian R. Niccol sold 320,300 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.72, for a total value of $20,409,003.52. Following the sale, the chief executive officer now owns 1,133,450 shares of the company’s stock, valued at $72,221,620.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 320,300 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.72, for a total value of $20,409,003.52. Following the sale, the chief executive officer now directly owns 1,133,450 shares in the company, valued at $72,221,620.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Albert S. Baldocchi sold 50,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.32, for a total value of $3,166,010.00. Following the transaction, the director now directly owns 1,362,500 shares of the company’s stock, valued at $86,273,772.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 550,750 shares of company stock worth $35,023,769. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Up 0.3 %

Chipotle Mexican Grill stock opened at $61.58 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $35.37 and a 52-week high of $69.26. The firm has a market cap of $84.57 billion, a PE ratio of 65.71, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The company’s 50 day moving average is $127.98 and its two-hundred day moving average is $78.53.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.67 billion. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMG. Deutsche Bank Aktiengesellschaft lifted their price target on Chipotle Mexican Grill from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Robert W. Baird upped their target price on shares of Chipotle Mexican Grill from $70.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Wedbush reissued a “neutral” rating and issued a $64.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, June 17th. The Goldman Sachs Group assumed coverage on shares of Chipotle Mexican Grill in a research report on Thursday, June 13th. They set a “buy” rating and a $74.60 price target on the stock. Finally, Truist Financial increased their price objective on shares of Chipotle Mexican Grill from $68.80 to $70.40 and gave the company a “buy” rating in a report on Wednesday, May 29th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $64.29.

About Chipotle Mexican Grill

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.