Dakota Wealth Management Has $10.58 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Dakota Wealth Management increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 996.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,660 shares of the restaurant operator’s stock after acquiring an additional 166,910 shares during the period. Dakota Wealth Management’s holdings in Chipotle Mexican Grill were worth $10,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Global Trust Asset Management LLC bought a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $35,000. Assenagon Asset Management S.A. boosted its position in shares of Chipotle Mexican Grill by 1,087.9% during the third quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock valued at $271,547,000 after buying an additional 4,315,983 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in Chipotle Mexican Grill by 1.6% during the third quarter. IFM Investors Pty Ltd now owns 280,141 shares of the restaurant operator’s stock worth $16,142,000 after buying an additional 4,341 shares in the last quarter. Bogart Wealth LLC raised its position in Chipotle Mexican Grill by 15.7% in the 3rd quarter. Bogart Wealth LLC now owns 3,240 shares of the restaurant operator’s stock valued at $187,000 after buying an additional 440 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Chipotle Mexican Grill during the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $59.43 on Friday. The firm has a market capitalization of $81.62 billion, a PE ratio of 63.22, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 52-week low of $35.97 and a 52-week high of $69.26. The firm has a fifty day moving average of $56.52 and a 200 day moving average of $81.32.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $12.65 EPS. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,684 shares of company stock valued at $2,817,127 over the last quarter. 1.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CMG has been the subject of several recent analyst reports. Loop Capital reduced their target price on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday, July 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Stephens reissued an “equal weight” rating and set a $61.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Truist Financial boosted their target price on Chipotle Mexican Grill from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Guggenheim increased their price target on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.03.

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.