Mather Group LLC. Buys 395,244 Shares of Chipotle Mexican Grill, Inc. $CMG

Mather Group LLC. lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3,324.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,133 shares of the restaurant operator’s stock after acquiring an additional 395,244 shares during the quarter. Mather Group LLC.’s holdings in Chipotle Mexican Grill were worth $13,008,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CMG. EP Wealth Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $948,000. Callan Family Office LLC bought a new position in Chipotle Mexican Grill during the second quarter valued at $1,406,000. MassMutual Private Wealth & Trust FSB grew its holdings in Chipotle Mexican Grill by 7,051.6% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 243,726 shares of the restaurant operator’s stock valued at $7,787,000 after purchasing an additional 240,318 shares during the period. Park National Corp OH increased its position in Chipotle Mexican Grill by 442.1% in the third quarter. Park National Corp OH now owns 309,327 shares of the restaurant operator’s stock worth $9,883,000 after buying an additional 252,265 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab increased its position in Chipotle Mexican Grill by 40.2% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator’s stock worth $9,138,000 after buying an additional 77,002 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Insider Buying and Selling

In other news, insider Matthew R. Bush sold 2,675 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the transaction, the insider directly owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. This represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $30.48 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $42.81. The firm has a fifty day moving average of $34.09 and a 200 day moving average of $33.49. The firm has a market capitalization of $38.57 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Citigroup reduced their target price on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Bank of America reissued a “buy” rating and set a $53.00 target price (up from $50.00) on shares of Chipotle Mexican Grill in a report on Tuesday, September 1st. Robert W. Baird reissued a “neutral” rating and set a $40.00 target price (down from $44.00) on shares of Chipotle Mexican Grill in a report on Monday, August 24th. Sanford C. Bernstein restated an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Finally, Mizuho reaffirmed an “outperform” rating and issued a $43.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, September 1st. Twenty-three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $43.91.

Chipotle Mexican Grill Profile

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.