O Shaughnessy Asset Management LLC Buys 327 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

O Shaughnessy Asset Management LLC grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,990 shares of the restaurant operator’s stock after purchasing an additional 327 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $5,784,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMG. Evermay Wealth Management LLC lifted its position in shares of Chipotle Mexican Grill by 1.8% during the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after acquiring an additional 4 shares in the last quarter. Peloton Wealth Strategists lifted its position in shares of Chipotle Mexican Grill by 0.3% during the fourth quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after acquiring an additional 4 shares in the last quarter. Diversified Trust Co lifted its position in shares of Chipotle Mexican Grill by 0.9% during the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after acquiring an additional 4 shares in the last quarter. Valley National Advisers Inc. lifted its position in shares of Chipotle Mexican Grill by 9.8% during the first quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock worth $131,000 after acquiring an additional 4 shares in the last quarter. Finally, Byrne Asset Management LLC lifted its position in shares of Chipotle Mexican Grill by 11.8% during the first quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 4 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 1.9 %

Shares of NYSE:CMG traded down $1.01 on Tuesday, reaching $52.55. 17,497,883 shares of the company traded hands, compared to its average volume of 13,874,851. The business’s 50-day simple moving average is $126.34 and its 200 day simple moving average is $79.82. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The stock has a market capitalization of $72.17 billion, a P/E ratio of 57.37, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24.

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 analysts’ consensus estimates 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 firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.1 EPS for the current fiscal year.

Insider Activity

In other news, CEO Brian R. Niccol sold 320,300 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.72, for a total transaction of $20,409,003.52. Following the transaction, the chief executive officer now directly owns 1,133,450 shares of the company’s stock, valued at $72,221,620.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Scott Boatwright sold 55,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.80, for a total value of $3,509,176.00. Following the sale, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at $7,694,665.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 320,300 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.72, for a total transaction of $20,409,003.52. Following the completion of the sale, the chief executive officer now owns 1,133,450 shares of the company’s stock, valued at $72,221,620.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 550,750 shares of company stock valued at $35,023,769. 1.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CMG. Raymond James reiterated an “outperform” rating and issued a $70.00 price objective (up previously from $67.00) on shares of Chipotle Mexican Grill in a research report on Friday, June 28th. Oppenheimer increased their price objective on Chipotle Mexican Grill from $66.00 to $69.70 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. Truist Financial increased their price objective on Chipotle Mexican Grill from $68.80 to $70.40 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. The Goldman Sachs Group began coverage on Chipotle Mexican Grill in a research report on Thursday, June 13th. They issued a “buy” rating and a $74.60 price objective on the stock. Finally, Stephens reiterated an “equal weight” rating and issued a $30.50 price objective (down previously from $3,050.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 10th. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.90.

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.