308,409 Chipotle Mexican Grill, Inc. $CMG Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group reduced its Chipotle stake by 10.1%, selling 308,409 shares during the third quarter and retaining 2.74 million shares valued at approximately $87.6 million.
• Chipotle reported quarterly EPS of $0.27, missing analysts’ $0.29 estimate, while revenue matched expectations at $3.29 billion and increased 9.6% year over year.
• Institutional investors own 91.3% of CMG, and analysts maintain a “Moderate Buy” consensus with an average price target of $42.36, above the reported share price of $32.88.

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,741,998 shares of the restaurant operator's stock after selling 308,409 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Chipotle Mexican Grill worth $87,607,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. BlackRock Inc. purchased a new position in shares of Chipotle Mexican Grill during the second quarter worth about $4,417,475,000. Arrowstreet Capital Limited Partnership increased its position in shares of Chipotle Mexican Grill by 19.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator's stock worth $527,469,000 after purchasing an additional 2,727,762 shares in the last quarter. Amundi lifted its holdings in shares of Chipotle Mexican Grill by 23.3% in the 1st quarter. Amundi now owns 11,980,192 shares of the restaurant operator's stock valued at $383,486,000 after purchasing an additional 2,266,087 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $383,483,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Chipotle Mexican Grill by 30.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,845,627 shares of the restaurant operator's stock valued at $368,751,000 after purchasing an additional 2,541,795 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $32.88 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $27.31 and a fifty-two week high of $41.42. The firm has a 50-day simple moving average of $32.99 and a 200-day simple moving average of $34.09. The company has a market capitalization of $41.61 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 1.75 and a beta of 0.96.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.29 billion. Chipotle Mexican Grill had a net margin of 10.83% and a return on equity of 56.91%. The business's revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.10 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $35.75, for a total value of $95,631.25. Following the transaction, the insider owned 21,415 shares of the company's stock, valued at approximately $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.45% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Gordon Haskett decreased their target price on Chipotle Mexican Grill from $42.00 to $36.00 and set a "hold" rating for the company in a research report on Monday, October 19th. Morgan Stanley lifted their price target on Chipotle Mexican Grill from $39.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on Chipotle Mexican Grill from $51.00 to $45.00 and set a "buy" rating for the company in a research note on Wednesday, October 21st. DA Davidson reissued a "buy" rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, October 29th. Finally, Raymond James Financial restated an "outperform" rating on shares of Chipotle Mexican Grill in a research report on Thursday. Twenty-seven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average price target of $42.36.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc NYSE: CMG operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.

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