Chipotle Mexican Grill, Inc. (NYSE:CMG) Stake Lowered by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,491 shares of the restaurant operator’s stock after selling 461 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Chipotle Mexican Grill were worth $4,781,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Baldwin Brothers Inc. MA acquired a new position in Chipotle Mexican Grill during the first quarter worth about $276,000. Verde Servicos Internacionais S.A. purchased a new stake in Chipotle Mexican Grill during the first quarter worth approximately $311,000. Bank of Montreal Can boosted its stake in Chipotle Mexican Grill by 118.9% in the first quarter. Bank of Montreal Can now owns 26,505 shares of the restaurant operator’s stock worth $11,808,000 after buying an additional 14,397 shares during the last quarter. Pennsylvania Trust Co purchased a new stake in Chipotle Mexican Grill during the first quarter worth approximately $267,000. Finally, National Pension Service boosted its stake in Chipotle Mexican Grill by 9.3% in the first quarter. National Pension Service now owns 28,572 shares of the restaurant operator’s stock worth $12,684,000 after buying an additional 2,422 shares during the last quarter. Hedge funds and other institutional investors own 98.37% of the company’s stock.

Chipotle Mexican Grill, Inc. (CMG) opened at 311.24 on Friday. The stock has a market capitalization of $8.87 billion, a P/E ratio of 66.90 and a beta of 0.62. The stock has a 50 day moving average of $360.68 and a 200 day moving average of $423.62. Chipotle Mexican Grill, Inc. has a 1-year low of $311.01 and a 1-year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post $7.73 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This news story was first reported by BNB Daily and is the property of of BNB Daily. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.baseball-news-blog.com/2017/08/19/chipotle-mexican-grill-inc-nysecmg-stake-decreased-by-sumitomo-mitsui-asset-management-company-ltd-updated-updated.html.

A number of equities research analysts recently commented on CMG shares. SunTrust Banks, Inc. increased their target price on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Mizuho reissued a “buy” rating and set a $533.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 21st. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, July 12th. Maxim Group reissued a “hold” rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Finally, Zacks Investment Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Seven analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $405.15.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

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

Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply