AMP Capital Investors Ltd boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 124.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,707 shares of the restaurant operator’s stock after purchasing an additional 9,266 shares during the period. AMP Capital Investors Ltd owned about 0.06% of Chipotle Mexican Grill worth $7,775,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its position in shares of Chipotle Mexican Grill by 4,595.7% in the 2nd quarter. Acadian Asset Management LLC now owns 1,080 shares of the restaurant operator’s stock worth $466,000 after buying an additional 1,057 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $119,000. Dupont Capital Management Corp acquired a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $123,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Chipotle Mexican Grill by 6.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 81,635 shares of the restaurant operator’s stock valued at $35,215,000 after buying an additional 4,727 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Chipotle Mexican Grill by 25.9% during the 2nd quarter. Wells Fargo & Company MN now owns 116,238 shares of the restaurant operator’s stock valued at $50,141,000 after buying an additional 23,918 shares during the last quarter. Institutional investors and hedge funds own 91.40% of the company’s stock.
A number of equities research analysts have issued reports on CMG shares. Piper Jaffray Companies set a $550.00 price target on Chipotle Mexican Grill and gave the company a “buy” rating in a report on Monday, October 22nd. Citigroup raised their price objective on Chipotle Mexican Grill from $506.00 to $573.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Maxim Group upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price target for the company from $500.00 to $510.00 in a report on Tuesday, October 23rd. Loop Capital started coverage on Chipotle Mexican Grill in a research note on Wednesday, October 24th. They issued a “buy” rating and a $500.00 price objective on the stock. Finally, TheStreet downgraded Chipotle Mexican Grill from a “b-” rating to a “c” rating in a research report on Thursday, October 25th. Nine research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $431.72.
In other news, Director Pershing Square Capital Manage sold 118,307 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $472.05, for a total transaction of $55,846,819.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.19% of the company’s stock.
Chipotle Mexican Grill stock opened at $469.94 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $247.51 and a 12-month high of $530.68. The stock has a market cap of $13.01 billion, a P/E ratio of 71.20, a PEG ratio of 3.10 and a beta of 0.23.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.16. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. Analysts predict that Chipotle Mexican Grill, Inc. will post 8.47 EPS for the current year.
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About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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