Ossiam Has $10.27 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Posted by Defense World Staff on Sep 10th, 2023

Ossiam grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,009 shares of the restaurant operator’s stock after purchasing an additional 31 shares during the period. Ossiam’s holdings in Chipotle Mexican Grill were worth $10,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CMG. Cerity Partners LLC raised its holdings in shares of Chipotle Mexican Grill by 5.0% in the 1st quarter. Cerity Partners LLC now owns 2,910 shares of the restaurant operator’s stock worth $13,299,000 after acquiring an additional 138 shares during the last quarter. Van ECK Associates Corp increased its stake in Chipotle Mexican Grill by 3.9% in the 1st quarter. Van ECK Associates Corp now owns 3,311 shares of the restaurant operator’s stock valued at $5,656,000 after buying an additional 124 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in Chipotle Mexican Grill by 2.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 439 shares of the restaurant operator’s stock valued at $750,000 after buying an additional 12 shares during the last quarter. Czech National Bank increased its stake in Chipotle Mexican Grill by 0.3% in the 1st quarter. Czech National Bank now owns 3,254 shares of the restaurant operator’s stock valued at $5,559,000 after buying an additional 9 shares during the last quarter. Finally, Simplicity Solutions LLC increased its stake in Chipotle Mexican Grill by 55.3% in the 1st quarter. Simplicity Solutions LLC now owns 733 shares of the restaurant operator’s stock valued at $1,252,000 after buying an additional 261 shares during the last quarter. Institutional investors and hedge funds own 91.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Bank of America increased their target price on shares of Chipotle Mexican Grill from $2,200.00 to $2,570.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Stifel Nicolaus cut their price objective on shares of Chipotle Mexican Grill from $2,250.00 to $2,150.00 in a report on Thursday, July 27th. Truist Financial cut their price objective on shares of Chipotle Mexican Grill from $2,310.00 to $2,230.00 and set a “buy” rating for the company in a report on Thursday, July 27th. BMO Capital Markets cut their price objective on shares of Chipotle Mexican Grill from $1,950.00 to $1,925.00 in a report on Thursday, July 27th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $2,200.00 price objective on shares of Chipotle Mexican Grill in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,144.71.

Check Out Our Latest Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Down 1.1 %

Shares of NYSE:CMG opened at $1,945.10 on Friday. The stock has a market cap of $53.66 billion, a PE ratio of 48.58, a PEG ratio of 1.69 and a beta of 1.30. The company’s fifty day moving average is $1,970.38 and its 200 day moving average is $1,895.47. Chipotle Mexican Grill, Inc. has a 52 week low of $1,344.05 and a 52 week high of $2,175.01.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its earnings results on Wednesday, July 26th. The restaurant operator reported $12.65 EPS for the quarter, topping analysts’ consensus estimates of $12.25 by $0.40. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Chipotle Mexican Grill had a net margin of 12.00% and a return on equity of 45.85%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the company earned $9.30 EPS. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 43.06 EPS for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,058 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $1,928.16, for a total value of $2,039,993.28. Following the sale, the chief executive officer now owns 23,347 shares of the company’s stock, valued at approximately $45,016,751.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,058 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $1,928.16, for a total value of $2,039,993.28. Following the sale, the chief executive officer now owns 23,347 shares of the company’s stock, valued at approximately $45,016,751.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian R. Niccol sold 1,086 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $2,138.00, for a total transaction of $2,321,868.00. Following the completion of the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $49,915,886. The disclosure for this sale can be found here. Insiders have sold a total of 3,207 shares of company stock worth $6,434,541 in the last 90 days. 0.96% of the stock is owned by company insiders.

About Chipotle Mexican Grill

(Free Report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.