Sumitomo Mitsui Trust Holdings Inc. Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,331 shares of the restaurant operator’s stock after buying an additional 5,978 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.40% of Chipotle Mexican Grill worth $80,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Shares of CMG stock traded up $3.85 during trading hours on Friday, reaching $817.90. The company had a trading volume of 460,832 shares, compared to its average volume of 565,274. 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 stock has a fifty day simple moving average of $756.80. The firm has a market cap of $22.67 billion, a P/E ratio of 90.28, a price-to-earnings-growth ratio of 3.21 and a beta of 0.72. Chipotle Mexican Grill, Inc. has a 12-month low of $383.20 and a 12-month high of $822.88.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.31. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates 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 was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.87 earnings per share. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 13.2 earnings per share for the current fiscal year.

Several analysts have weighed in on CMG shares. KeyCorp boosted their price target on Chipotle Mexican Grill from $780.00 to $860.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Stephens boosted their price target on Chipotle Mexican Grill from $650.00 to $700.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on Chipotle Mexican Grill from $650.00 to $705.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Loop Capital boosted their price target on Chipotle Mexican Grill to $860.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Cowen reiterated a “market perform” rating and set a $660.00 price target (up previously from $640.00) on shares of Chipotle Mexican Grill in a research note on Thursday, April 25th. Seven research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $700.26.

In other news, insider Steve Ells sold 28,645 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $802.66, for a total value of $22,992,195.70. Following the completion of the sale, the insider now directly owns 183,580 shares in the company, valued at $147,352,322.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Boatwright sold 1,805 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $740.22, for a total value of $1,336,097.10. Following the completion of the sale, the insider now owns 8,869 shares of the company’s stock, valued at $6,565,011.18. The disclosure for this sale can be found here. Insiders sold 157,802 shares of company stock valued at $119,632,226 over the last 90 days. Company insiders own 2.21% of the company’s stock.

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.

Further Reading: 52-Week High/Low

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

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