1,465 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Arjuna Capital

Arjuna Capital bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 1st quarter, HoldingsChannel reports. The fund bought 1,465 shares of the restaurant operator’s stock, valued at approximately $1,041,000.

Other hedge funds have also recently made changes to their positions in the company. Piedmont Investment Advisors Inc. boosted its stake in shares of Chipotle Mexican Grill by 5.8% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 2,126 shares of the restaurant operator’s stock valued at $918,000 after purchasing an additional 117 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Chipotle Mexican Grill by 101.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 307,230 shares of the restaurant operator’s stock valued at $132,659,000 after purchasing an additional 154,428 shares during the period. Columbus Circle Investors boosted its stake in shares of Chipotle Mexican Grill by 10.5% in the first quarter. Columbus Circle Investors now owns 90,220 shares of the restaurant operator’s stock valued at $64,084,000 after purchasing an additional 8,573 shares during the period. Trillium Asset Management LLC boosted its stake in shares of Chipotle Mexican Grill by 6.8% in the fourth quarter. Trillium Asset Management LLC now owns 5,348 shares of the restaurant operator’s stock valued at $2,309,000 after purchasing an additional 339 shares during the period. Finally, Capital Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at $234,000. Institutional investors and hedge funds own 95.08% of the company’s stock.

NYSE CMG opened at $740.59 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.41 and a current ratio of 1.44. Chipotle Mexican Grill, Inc. has a 12 month low of $383.20 and a 12 month high of $749.24. The firm has a market cap of $20.30 billion, a price-to-earnings ratio of 81.74, a P/E/G ratio of 2.96 and a beta of 0.63.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.01 by $0.39. Chipotle Mexican Grill had a net margin of 4.08% and a return on equity of 19.78%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm posted $2.13 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 13 EPS for the current fiscal year.

In other news, insider Scott Boatwright sold 1,805 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $740.22, for a total value of $1,336,097.10. Following the transaction, the insider now directly owns 8,869 shares in the company, valued at approximately $6,565,011.18. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jack Hartung sold 1,470 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $680.00, for a total transaction of $999,600.00. Following the completion of the transaction, the chief financial officer now owns 38,002 shares in the company, valued at $25,841,360. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,832 shares of company stock worth $13,294,768. Insiders own 2.21% of the company’s stock.

Several research analysts have recently weighed in on CMG shares. BTIG Research upped their target price on shares of Chipotle Mexican Grill from $620.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Piper Jaffray Companies upped their target price on shares of Chipotle Mexican Grill from $661.00 to $725.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. Argus restated a “buy” rating and issued a $770.00 target price (up from $670.00) on shares of Chipotle Mexican Grill in a research note on Thursday, March 21st. Wedbush upgraded shares of Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and upped their target price for the company from $500.00 to $640.00 in a research note on Friday, March 22nd. Finally, Robert W. Baird reiterated an “outperform” rating and set a $760.00 price objective (up from $650.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, March 27th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $648.66.

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About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further Reading: P/E Growth (PEG)

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

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