Capital World Investors Acquires 48,398,628 Shares of Chipotle Mexican Grill, Inc. $CMG

Capital World Investors grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 122.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,844,788 shares of the restaurant operator’s stock after purchasing an additional 48,398,628 shares during the period. Capital World Investors owned about 0.07% of Chipotle Mexican Grill worth $3,442,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Chipotle Mexican Grill in the 2nd quarter worth about $1,001,668,000. Capital International Investors grew its stake in Chipotle Mexican Grill by 42.4% in the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after acquiring an additional 11,471,658 shares in the last quarter. Sustainable Growth Advisers LP purchased a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $597,031,000. BlueSpruce Investments LP raised its stake in shares of Chipotle Mexican Grill by 24,760.7% during the second quarter. BlueSpruce Investments LP now owns 3,930,732 shares of the restaurant operator’s stock valued at $220,711,000 after acquiring an additional 3,914,921 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Chipotle Mexican Grill by 2.0% during the third quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock valued at $4,935,092,000 after acquiring an additional 2,470,213 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the topic of several research reports. Gordon Haskett downgraded Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Stifel Nicolaus restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday. Evercore restated an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $48.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Finally, UBS Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, January 26th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.37.

Chipotle Mexican Grill Price Performance

CMG opened at $35.33 on Tuesday. The firm has a fifty day moving average price of $38.33 and a 200 day moving average price of $37.77. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The stock has a market cap of $46.01 billion, a P/E ratio of 30.99, a P/E/G ratio of 2.18 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.Chipotle Mexican Grill’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.