Mitsubishi UFJ Asset Management Co. Ltd. Takes $108.14 Million Position in Chipotle Mexican Grill, Inc. $CMG

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,180,535 shares of the restaurant operator’s stock, valued at approximately $108,138,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.25% of Chipotle Mexican Grill at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC grew its holdings in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the last quarter. City State Bank lifted its holdings in shares of Chipotle Mexican Grill by 13.4% during the 4th quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock valued at $86,000 after purchasing an additional 275 shares during the last quarter. Groupama Asset Managment boosted its position in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock worth $568,000 after purchasing an additional 291 shares in the last quarter. Catalyst Financial Partners LLC boosted its position in shares of Chipotle Mexican Grill by 4.6% in the 4th quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock worth $250,000 after purchasing an additional 298 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in Chipotle Mexican Grill by 2.5% during the 1st quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock worth $407,000 after buying an additional 311 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $33.36 on Wednesday. The firm has a market cap of $42.22 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 2.13 and a beta of 0.94. The company has a 50-day moving average of $33.55 and a two-hundred day moving average of $34.03. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $43.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BNP Paribas Exane raised their target price on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Evercore restated an “outperform” rating and issued a $47.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. TD Cowen reiterated a “buy” rating and issued a $44.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. BTIG Research reiterated a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 5th. Finally, UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Twenty-four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.16.

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.