Thrivent Financial for Lutherans decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,956 shares of the restaurant operator’s stock after selling 1,244 shares during the period. Thrivent Financial for Lutherans owned 0.06% of Chipotle Mexican Grill worth $5,156,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Chipotle Mexican Grill by 0.5% in the fourth quarter. BlackRock Inc. now owns 1,559,197 shares of the restaurant operator’s stock valued at $450,653,000 after purchasing an additional 7,805 shares during the period. Clearbridge Investments LLC lifted its holdings in Chipotle Mexican Grill by 6.4% during the fourth quarter. Clearbridge Investments LLC now owns 691,054 shares of the restaurant operator’s stock worth $199,735,000 after buying an additional 41,468 shares during the period. Independent Franchise Partners LLP purchased a new stake in Chipotle Mexican Grill during the fourth quarter worth $107,391,000. Geode Capital Management LLC lifted its holdings in Chipotle Mexican Grill by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 255,862 shares of the restaurant operator’s stock worth $73,795,000 after buying an additional 2,179 shares during the period. Finally, Timucuan Asset Management Inc. FL purchased a new stake in Chipotle Mexican Grill during the fourth quarter worth $45,643,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.
Shares of Chipotle Mexican Grill opened at $428.96 on Friday, MarketBeat Ratings reports. The firm has a market cap of $12.11 billion, a PE ratio of 64.99, a price-to-earnings-growth ratio of 2.80 and a beta of 0.49. Chipotle Mexican Grill, Inc. has a 12-month low of $247.51 and a 12-month high of $487.52.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 25th. The restaurant operator reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.56. Chipotle Mexican Grill had a return on equity of 14.50% and a net margin of 4.16%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $1.60 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.44 EPS for the current year.
In other news, Director Pershing Square Capital Manage bought 420,322 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of $318.14 per share, with a total value of $133,721,241.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.19% of the stock is owned by corporate insiders.
A number of research firms have weighed in on CMG. Goldman Sachs Group restated a “neutral” rating and set a $285.00 target price (down previously from $330.00) on shares of Chipotle Mexican Grill in a report on Thursday, February 8th. Piper Jaffray Companies upped their target price on Chipotle Mexican Grill from $420.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 14th. ValuEngine lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Wedbush upped their target price on Chipotle Mexican Grill from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $365.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 26th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $361.00.
Chipotle Mexican Grill Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.
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