Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,353 shares of the restaurant operator’s stock after acquiring an additional 855 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Chipotle Mexican Grill were worth $74,123,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC purchased a new position in Chipotle Mexican Grill in the 1st quarter worth about $36,000. Horan Capital Advisors LLC. purchased a new position in Chipotle Mexican Grill in the 1st quarter worth about $36,000. Motco purchased a new position in Chipotle Mexican Grill in the 1st quarter worth about $47,000. Bruderman Asset Management LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter worth about $39,000. Finally, Quadrant Capital Group LLC increased its stake in Chipotle Mexican Grill by 1,780.0% in the 1st quarter. Quadrant Capital Group LLC now owns 94 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 89 shares in the last quarter. 91.26% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on CMG. Zacks Investment Research raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $589.00 price target on the stock in a research note on Friday, February 8th. Piper Jaffray Companies lifted their price target on Chipotle Mexican Grill from $590.00 to $661.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. BTIG Research lifted their price target on Chipotle Mexican Grill to $620.00 and gave the stock a “positive” rating in a research note on Thursday, February 7th. SunTrust Banks lifted their price target on Chipotle Mexican Grill to $780.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, Maxim Group reissued a “hold” rating and issued a $635.00 price target (up previously from $620.00) on shares of Chipotle Mexican Grill in a research note on Thursday, April 25th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average target price of $641.82.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $3.40 EPS for the quarter, topping the Zacks’ consensus estimate of $3.01 by $0.39. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company posted $2.13 EPS. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 13 EPS for the current year.
In other news, CFO Jack Hartung sold 5,093 shares of Chipotle Mexican Grill stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $649.00, for a total transaction of $3,305,357.00. Following the completion of the sale, the chief financial officer now directly owns 45,237 shares in the company, valued at approximately $29,358,813. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 12,658 shares of company stock valued at $8,180,702. 2.21% of the stock is owned by corporate insiders.
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Chipotle Mexican Grill Profile
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.
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