ING Groep NV increased its position in Chipotle Mexican Grill Inc. (NYSE:CMG) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,614 shares of the company’s stock after buying an additional 407 shares during the period. ING Groep NV’s holdings in Chipotle Mexican Grill were worth $1,053,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the company. Carnick & Kubik LLC acquired a new stake in Chipotle Mexican Grill during the first quarter worth $160,000. Cribstone Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the second quarter worth $145,000. Tufton Capital Management acquired a new stake in Chipotle Mexican Grill during the second quarter worth $201,000. Fox Run Management L.L.C. acquired a new stake in Chipotle Mexican Grill during the second quarter worth $242,000. Finally, Prospera Financial Services Inc acquired a new stake in Chipotle Mexican Grill during the second quarter worth $242,000. 96.66% of the stock is currently owned by institutional investors and hedge funds.
Chipotle Mexican Grill Inc. (NYSE:CMG) traded up 1.28% on Friday, reaching $429.91. The company’s stock had a trading volume of 980,473 shares. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 61.94 and a beta of 0.60. The firm has a 50 day moving average of $416.14 and a 200 day moving average of $425.45. Chipotle Mexican Grill Inc. has a 12 month low of $384.77 and a 12 month high of $757.00.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by $0.06. The firm had revenue of $998.40 million for the quarter, compared to the consensus estimate of $1.06 billion. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%. Analysts anticipate that Chipotle Mexican Grill Inc. will post $0.24 earnings per share for the current year.
A number of research firms have weighed in on CMG. Goldman Sachs Group Inc. decreased their price target on shares of Chipotle Mexican Grill from $490.00 to $445.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 19th. Jefferies Group reiterated a “sell” rating on shares of Chipotle Mexican Grill in a research note on Friday, August 5th. Citigroup Inc. lifted their price target on shares of Chipotle Mexican Grill from $488.00 to $517.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Vetr downgraded shares of Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $449.21 price target on the stock. in a research note on Tuesday, July 12th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $590.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, July 18th. Seven investment analysts have rated the stock with a sell rating, twenty have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $479.94.
Chipotle Mexican Grill Company Profile
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.
Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill Inc. (NYSE:CMG).
Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.