American Century Companies Inc. Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• American Century Companies Inc. increased its holdings in Chipotle Mexican Grill, Inc. by 2.1% in Q1, owning approximately 20.66 million shares worth over $1 billion, making it its 16th largest holding.
• Insider Roger E. Theodoredis sold 113,875 shares at an average price of $49.70, significantly reducing their position by over 50%.
• The stock has a market cap of $57.79 billion, with a recent price-to-earnings ratio of 38.48, and analysts predict 1.29 EPS for the current year.

American Century Companies Inc. lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 20,662,628 shares of the restaurant operator's stock after acquiring an additional 425,648 shares during the period. Chipotle Mexican Grill makes up approximately 0.6% of American Century Companies Inc.'s investment portfolio, making the stock its 16th largest holding. American Century Companies Inc. owned 1.53% of Chipotle Mexican Grill worth $1,037,471,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CMG. Cloud Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth about $25,000. HighMark Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 371 shares during the last quarter. North Capital Inc. purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth about $30,000. ORG Wealth Partners LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth about $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider owned 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $43.10 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $41.18 and a 1 year high of $66.74. The stock's 50-day simple moving average is $50.54 and its 200-day simple moving average is $51.25. The firm has a market cap of $57.79 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 2.21 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The business's revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CMG shares. Guggenheim lowered their target price on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a research note on Friday, July 25th. Royal Bank Of Canada lowered their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Loop Capital cut their price target on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Raymond James Financial restated an "outperform" rating and issued a $60.00 price target (down previously from $62.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. Finally, Robert W. Baird decreased their price target on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Eight investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $60.37.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.

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