Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Banco Santander S.A.

Banco Santander S.A. increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,534 shares of the restaurant operator’s stock after buying an additional 2,781 shares during the quarter. Banco Santander S.A.’s holdings in Chipotle Mexican Grill were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CMG. L & S Advisors Inc acquired a new position in Chipotle Mexican Grill during the third quarter worth approximately $3,256,000. Thompson Siegel & Walmsley LLC grew its stake in shares of Chipotle Mexican Grill by 8.7% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 83,900 shares of the restaurant operator’s stock valued at $4,834,000 after buying an additional 6,750 shares during the period. Intech Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 224.2% during the 3rd quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock worth $97,750,000 after buying an additional 1,173,207 shares during the last quarter. Cornerstone Advisors LLC raised its position in shares of Chipotle Mexican Grill by 1.1% in the 3rd quarter. Cornerstone Advisors LLC now owns 75,800 shares of the restaurant operator’s stock worth $4,368,000 after buying an additional 800 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its holdings in Chipotle Mexican Grill by 21.8% in the third quarter. Citizens Financial Group Inc. RI now owns 3,896 shares of the restaurant operator’s stock valued at $224,000 after acquiring an additional 696 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on CMG shares. Piper Sandler raised their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stephens restated an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. TD Cowen increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Citigroup reduced their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $62.02 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $43.66 and a 12 month high of $69.26. The company has a market capitalization of $84.51 billion, a P/E ratio of 57.73, a PEG ratio of 2.36 and a beta of 1.26. The company’s 50 day simple moving average is $58.45 and its 200 day simple moving average is $80.94.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current 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.