QRG Capital Management Inc. Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

QRG Capital Management Inc. increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 54,695 shares of the restaurant operator’s stock after buying an additional 3,302 shares during the period. QRG Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $3,298,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Transcendent Capital Group LLC boosted its holdings in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth $33,000. Sound Income Strategies LLC boosted its holdings in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Chipotle Mexican Grill during the third quarter valued at about $37,000. Finally, Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $45,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMG has been the topic of several research analyst reports. Raymond James reduced their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Barclays reduced their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group increased their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Citigroup lifted their target price on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Finally, Piper Sandler decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.31.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG opened at $54.04 on Friday. The company has a market capitalization of $73.25 billion, a P/E ratio of 48.68, a PEG ratio of 2.04 and a beta of 1.27. The company has a 50-day moving average of $57.38 and a 200-day moving average of $58.08. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.