Prudential Financial Inc. reduced its position in shares of Chipotle Mexican Grill Inc. (NYSE:CMG) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,199 shares of the company’s stock after selling 250 shares during the period. Prudential Financial Inc. owned 0.15% of Chipotle Mexican Grill worth $17,399,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Ruane Cunniff & Goldfarb Inc. raised its position in Chipotle Mexican Grill by 522.5% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 584,367 shares of the company’s stock worth $235,360,000 after buying an additional 490,487 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Chipotle Mexican Grill by 156.0% in the first quarter. TIAA CREF Investment Management LLC now owns 365,211 shares of the company’s stock worth $172,003,000 after buying an additional 222,537 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Chipotle Mexican Grill during the second quarter worth approximately $48,819,000. Tobam raised its position in Chipotle Mexican Grill by 117.7% in the first quarter. Tobam now owns 167,055 shares of the company’s stock worth $78,678,000 after buying an additional 90,319 shares in the last quarter. Finally, Teachers Advisors Inc. raised its position in Chipotle Mexican Grill by 162.9% in the first quarter. Teachers Advisors Inc. now owns 125,579 shares of the company’s stock worth $59,144,000 after buying an additional 77,811 shares in the last quarter. 96.66% of the stock is currently owned by institutional investors.
Chipotle Mexican Grill Inc. (NYSE:CMG) traded up 1.58% during midday trading on Thursday, hitting $424.90. The stock had a trading volume of 289,021 shares. The stock has a market capitalization of $12.37 billion, a PE ratio of 61.22 and a beta of 0.59. The stock’s 50-day moving average is $410.38 and its 200-day moving average is $427.96. Chipotle Mexican Grill Inc. has a 1-year low of $384.77 and a 1-year high of $757.00.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, July 21st. The company reported $0.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.93 by $0.06. The business earned $998.40 million during the quarter, compared to the consensus estimate of $1.06 billion. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. On average, equities research analysts anticipate that Chipotle Mexican Grill Inc. will post $0.24 EPS for the current fiscal year.
CMG has been the topic of a number of recent analyst reports. Vetr raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $446.39 price target on the stock in a research report on Tuesday, August 9th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $490.00 price target (down previously from $500.00) on shares of Chipotle Mexican Grill in a research report on Thursday, June 23rd. Morgan Stanley reaffirmed a “hold” rating and set a $405.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, August 18th. BTIG Research reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Sunday, July 24th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $500.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, June 21st. Seven investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $479.94.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.
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