Quantitative Systematic Strategies LLC Purchases New Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Quantitative Systematic Strategies LLC purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 356 shares of the restaurant operator’s stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC increased its stake in Chipotle Mexican Grill by 88.7% during the first quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock valued at $812,301,000 after acquiring an additional 537,677 shares during the period. Jennison Associates LLC grew its stake in shares of Chipotle Mexican Grill by 6.6% in the 1st quarter. Jennison Associates LLC now owns 862,319 shares of the restaurant operator’s stock valued at $612,514,000 after purchasing an additional 53,501 shares during the period. Geode Capital Management LLC grew its stake in shares of Chipotle Mexican Grill by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 309,980 shares of the restaurant operator’s stock valued at $133,605,000 after purchasing an additional 27,247 shares during the period. Investec Asset Management LTD bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $95,731,000. Finally, Banco Santander S.A. grew its stake in shares of Chipotle Mexican Grill by 169.1% in the 1st quarter. Banco Santander S.A. now owns 117,755 shares of the restaurant operator’s stock valued at $83,642,000 after purchasing an additional 74,001 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

CMG has been the topic of several analyst reports. Wells Fargo & Co upped their price objective on Chipotle Mexican Grill from $696.00 to $714.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. Mizuho upped their price objective on Chipotle Mexican Grill from $420.00 to $500.00 and gave the company an “underperform” rating in a research note on Wednesday, July 24th. Argus upped their price objective on Chipotle Mexican Grill from $770.00 to $840.00 in a research note on Thursday, April 25th. Morgan Stanley upped their price objective on Chipotle Mexican Grill from $700.00 to $706.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Citigroup upped their price objective on Chipotle Mexican Grill from $695.00 to $797.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $700.26.

In other Chipotle Mexican Grill news, CTO Curtis E. Garner sold 9,276 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $738.02, for a total transaction of $6,845,873.52. Following the completion of the sale, the chief technology officer now owns 15,780 shares in the company, valued at approximately $11,645,955.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Boatwright sold 1,805 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $740.22, for a total transaction of $1,336,097.10. Following the sale, the insider now owns 8,869 shares of the company’s stock, valued at approximately $6,565,011.18. The disclosure for this sale can be found here. Insiders have sold a total of 157,802 shares of company stock valued at $119,632,226 in the last quarter. Corporate insiders own 2.21% of the company’s stock.

NYSE:CMG traded down $2.02 during trading hours on Friday, hitting $812.03. 12,721 shares of the stock were exchanged, compared to its average volume of 563,721. The company’s 50 day moving average is $755.20. Chipotle Mexican Grill, Inc. has a twelve month low of $383.20 and a twelve month high of $814.05. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.52 and a quick ratio of 1.48. The firm has a market capitalization of $22.59 billion, a P/E ratio of 89.57, a P/E/G ratio of 3.19 and a beta of 0.72.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.31. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. Chipotle Mexican Grill had a return on equity of 21.50% and a net margin of 4.80%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.87 EPS. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 13.2 earnings per share for the current fiscal year.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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