Chipotle Mexican Grill, Inc. (CMG) Shares Bought by Amalgamated Bank

Amalgamated Bank boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.0% in the first quarter, HoldingsChannel.com reports. The fund owned 3,601 shares of the restaurant operator’s stock after purchasing an additional 268 shares during the period. Amalgamated Bank’s holdings in Chipotle Mexican Grill were worth $1,164,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CMG. The Manufacturers Life Insurance Company grew its holdings in shares of Chipotle Mexican Grill by 11.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 27,026 shares of the restaurant operator’s stock worth $7,811,000 after buying an additional 2,679 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Chipotle Mexican Grill by 13.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,489 shares of the restaurant operator’s stock worth $1,008,000 after buying an additional 403 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Chipotle Mexican Grill by 0.5% during the fourth quarter. BlackRock Inc. now owns 1,559,197 shares of the restaurant operator’s stock worth $450,653,000 after buying an additional 7,805 shares in the last quarter. American International Group Inc. grew its holdings in shares of Chipotle Mexican Grill by 10.9% during the fourth quarter. American International Group Inc. now owns 9,584 shares of the restaurant operator’s stock worth $2,770,000 after buying an additional 943 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its holdings in shares of Chipotle Mexican Grill by 10.5% during the fourth quarter. OppenheimerFunds Inc. now owns 2,113 shares of the restaurant operator’s stock worth $611,000 after buying an additional 200 shares in the last quarter. Institutional investors own 86.41% of the company’s stock.

A number of research firms have recently issued reports on CMG. Morgan Stanley upped their target price on shares of Chipotle Mexican Grill from $340.00 to $372.00 and gave the stock an “equal weight” rating in a report on Thursday. Wells Fargo & Co reaffirmed a “market perform” rating and set a $405.00 target price (up previously from $325.00) on shares of Chipotle Mexican Grill in a report on Thursday. Canaccord Genuity reaffirmed a “buy” rating and set a $500.00 target price (up previously from $425.00) on shares of Chipotle Mexican Grill in a report on Thursday. Maxim Group dropped their target price on shares of Chipotle Mexican Grill from $435.00 to $420.00 and set a “hold” rating for the company in a report on Thursday. Finally, Stephens upped their target price on shares of Chipotle Mexican Grill from $350.00 to $425.00 and gave the stock an “equal weight” rating in a report on Thursday. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $382.36.

Shares of CMG opened at $428.36 on Friday. The stock has a market cap of $12.90 billion, a PE ratio of 64.90, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. Chipotle Mexican Grill, Inc. has a 1 year low of $247.51 and a 1 year high of $474.46.

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 the Thomson Reuters’ consensus estimate of $1.57 by $0.56. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Chipotle Mexican Grill had a net margin of 4.16% and a return on equity of 14.50%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.60 earnings per share. research analysts expect that Chipotle Mexican Grill, Inc. will post 8.49 EPS for the current fiscal year.

Chipotle Mexican Grill Company 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.

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG).

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

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


Leave a Reply