DekaBank Deutsche Girozentrale Has $1.99 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

DekaBank Deutsche Girozentrale increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 46.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,647 shares of the restaurant operator’s stock after purchasing an additional 845 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Chipotle Mexican Grill were worth $1,990,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CMG. Tokio Marine Asset Management Co. Ltd. grew its holdings in Chipotle Mexican Grill by 1.7% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 883 shares of the restaurant operator’s stock worth $647,000 after acquiring an additional 15 shares during the period. Comerica Securities Inc. boosted its position in Chipotle Mexican Grill by 2.6% during the fourth quarter. Comerica Securities Inc. now owns 677 shares of the restaurant operator’s stock worth $292,000 after purchasing an additional 17 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Chipotle Mexican Grill by 4.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 458 shares of the restaurant operator’s stock worth $325,000 after purchasing an additional 18 shares in the last quarter. World Asset Management Inc boosted its position in Chipotle Mexican Grill by 1.1% during the second quarter. World Asset Management Inc now owns 1,816 shares of the restaurant operator’s stock worth $1,331,000 after purchasing an additional 19 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in Chipotle Mexican Grill by 4.2% during the second quarter. Raymond James Trust N.A. now owns 548 shares of the restaurant operator’s stock worth $401,000 after purchasing an additional 22 shares in the last quarter. 92.04% of the stock is currently owned by institutional investors.

A number of brokerages have issued reports on CMG. Stifel Nicolaus upgraded Chipotle Mexican Grill to a “hold” rating and set a $755.00 target price on the stock in a research report on Wednesday, July 24th. KeyCorp lifted their price objective on Chipotle Mexican Grill from $780.00 to $860.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Goldman Sachs Group set a $1,000.00 price objective on Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Friday, August 30th. Stephens lifted their price objective on Chipotle Mexican Grill from $650.00 to $700.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Finally, SunTrust Banks lifted their price objective on Chipotle Mexican Grill from $815.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $709.58.

Shares of NYSE CMG opened at $787.86 on Friday. The company has a market capitalization of $21.85 billion, a price-to-earnings ratio of 86.96, a price-to-earnings-growth ratio of 3.14 and a beta of 0.71. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.52 and a quick ratio of 1.48. The business has a 50-day moving average of $812.57 and a two-hundred day moving average of $725.33. Chipotle Mexican Grill, Inc. has a 1 year low of $383.20 and a 1 year high of $857.90.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.68 by $0.31. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. Chipotle Mexican Grill had a return on equity of 21.50% and a net margin of 4.80%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.87 EPS. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 13.36 earnings per share for the current year.

In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 1,164 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $775.00, for a total transaction of $902,100.00. Following the transaction, the director now owns 72,756 shares in the company, valued at approximately $56,385,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pershing Square Capital Manage sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $726.15, for a total value of $58,092,000.00. The disclosure for this sale can be found here. Insiders sold a total of 163,559 shares of company stock worth $125,535,353 in the last 90 days. 2.21% of the stock is currently owned by insiders.

Chipotle Mexican Grill Company 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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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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