Asset Management One Co. Ltd. Buys 1,637 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Asset Management One Co. Ltd. grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,710 shares of the restaurant operator’s stock after acquiring an additional 1,637 shares during the period. Asset Management One Co. Ltd.’s holdings in Chipotle Mexican Grill were worth $10,046,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 12.5% in the second quarter. Jacobs Levy Equity Management Inc. now owns 43,805 shares of the restaurant operator’s stock valued at $32,104,000 after buying an additional 4,858 shares during the last quarter. BlackRock Inc. raised its holdings in Chipotle Mexican Grill by 7.7% during the second quarter. BlackRock Inc. now owns 1,699,029 shares of the restaurant operator’s stock worth $1,245,187,000 after purchasing an additional 121,606 shares in the last quarter. US Bancorp DE raised its holdings in Chipotle Mexican Grill by 6.6% during the second quarter. US Bancorp DE now owns 2,318 shares of the restaurant operator’s stock worth $1,699,000 after purchasing an additional 143 shares in the last quarter. ETRADE Capital Management LLC raised its holdings in Chipotle Mexican Grill by 15.2% during the second quarter. ETRADE Capital Management LLC now owns 851 shares of the restaurant operator’s stock worth $624,000 after purchasing an additional 112 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in Chipotle Mexican Grill by 1.0% during the second quarter. Independent Franchise Partners LLP now owns 596,427 shares of the restaurant operator’s stock worth $437,109,000 after purchasing an additional 5,730 shares in the last quarter. Hedge funds and other institutional investors own 91.89% of the company’s stock.

In other news, Director Pershing Square Capital Manage sold 29,200 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $815.60, for a total value of $23,815,520.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian R. Niccol sold 770 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $833.01, for a total transaction of $641,417.70. Following the completion of the sale, the chief executive officer now directly owns 26,634 shares in the company, valued at approximately $22,186,388.34. The disclosure for this sale can be found here. Insiders sold 113,531 shares of company stock valued at $91,910,364 over the last 90 days. 2.21% of the stock is owned by corporate insiders.

Shares of CMG stock traded up $2.60 during midday trading on Friday, reaching $830.35. 434,316 shares of the company were exchanged, compared to its average volume of 477,957. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 1.52. The company’s 50 day moving average price is $823.35 and its two-hundred day moving average price is $752.34. Chipotle Mexican Grill, Inc. has a 12 month low of $383.20 and a 12 month high of $857.90. The company has a market cap of $22.93 billion, a P/E ratio of 91.65, a PEG ratio of 3.35 and a beta of 0.70.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.31. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. Chipotle Mexican Grill had a net margin of 4.80% and a return on equity of 21.50%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $2.87 earnings per share. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 13.38 earnings per share for the current year.

Several research analysts have weighed in on the stock. Jefferies Financial Group upped their target price on shares of Chipotle Mexican Grill from $700.00 to $820.00 and gave the stock a “hold” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. upped their target price on shares of Chipotle Mexican Grill from $650.00 to $705.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Credit Suisse Group upped their target price on shares of Chipotle Mexican Grill from $870.00 to $880.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. BTIG Research increased their price target on shares of Chipotle Mexican Grill from $790.00 to $845.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, BMO Capital Markets increased their price target on shares of Chipotle Mexican Grill from $620.00 to $640.00 and gave the company an “underperform” rating in a research report on Wednesday, July 24th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Chipotle Mexican Grill has a consensus rating of “Hold” and a consensus target price of $727.55.

About Chipotle Mexican Grill

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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