Shell Asset Management Co. decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,280 shares of the restaurant operator’s stock after selling 68 shares during the period. Shell Asset Management Co.’s holdings in Chipotle Mexican Grill were worth $949,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in CMG. Chevy Chase Trust Holdings Inc. raised its stake in Chipotle Mexican Grill by 2.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 25,144 shares of the restaurant operator’s stock worth $11,202,000 after buying an additional 521 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in Chipotle Mexican Grill during the first quarter worth about $221,000. Gulf International Bank UK Ltd raised its stake in Chipotle Mexican Grill by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 9,197 shares of the restaurant operator’s stock worth $4,097,000 after buying an additional 75 shares during the last quarter. National Pension Service raised its stake in shares of Chipotle Mexican Grill by 9.3% in the first quarter. National Pension Service now owns 28,572 shares of the restaurant operator’s stock valued at $12,684,000 after buying an additional 2,422 shares in the last quarter. Finally, Pennsylvania Trust Co purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $267,000. 98.37% of the stock is owned by institutional investors and hedge funds.
Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) traded down 2.10% during mid-day trading on Friday, reaching $311.24. 1,216,339 shares of the company’s stock traded hands. Chipotle Mexican Grill, Inc. has a 12-month low of $311.01 and a 12-month high of $499.00. The firm’s 50 day moving average price is $360.68 and its 200-day moving average price is $423.62. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 66.90 and a beta of 0.62.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $0.87 EPS. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post $7.73 earnings per share for the current year.
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CMG has been the subject of several recent research reports. Vetr upgraded Chipotle Mexican Grill from a “strong sell” rating to a “sell” rating and set a $433.06 price objective for the company in a report on Monday, April 24th. Buckingham Research restated a “buy” rating and set a $547.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, April 25th. Telsey Advisory Group raised their target price on Chipotle Mexican Grill from $400.00 to $440.00 and gave the company a “market perform” rating in a report on Wednesday, April 26th. Royal Bank Of Canada lowered Chipotle Mexican Grill from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $465.00 to $500.00 in a report on Wednesday, April 26th. They noted that the move was a valuation call. Finally, Maxim Group raised their price target on Chipotle Mexican Grill from $430.00 to $440.00 and gave the company a “hold” rating in a research report on Wednesday, April 26th. Seven investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill has a consensus rating of “Hold” and a consensus target price of $405.15.
About Chipotle Mexican Grill
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.
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