Asset Management One Co. Ltd. Grows Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Asset Management One Co. Ltd. has increased its holdings in Chipotle Mexican Grill by 2.6%, now owning over 588,913 shares valued at approximately $33 million.
• Several other institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., have also raised their stakes in Chipotle, demonstrating strong investor interest in the company.
• The current stock performance shows Chipotle shares trading around $41.18, with a one-year high of $66.74 and a reported EPS of $0.33 that exceeds analyst expectations.

Asset Management One Co. Ltd. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 588,913 shares of the restaurant operator's stock after buying an additional 14,998 shares during the period. Asset Management One Co. Ltd.'s holdings in Chipotle Mexican Grill were worth $33,067,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Chipotle Mexican Grill by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock worth $6,148,884,000 after buying an additional 1,597,287 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock worth $2,853,302,000 after purchasing an additional 4,027,016 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Chipotle Mexican Grill by 8.0% in the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock worth $1,632,092,000 after purchasing an additional 2,404,798 shares during the last quarter. American Century Companies Inc. increased its position in shares of Chipotle Mexican Grill by 2.1% in the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock worth $1,037,471,000 after purchasing an additional 425,648 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Chipotle Mexican Grill by 8.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator's stock worth $557,904,000 after purchasing an additional 833,760 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $41.18 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74. The company has a 50-day simple moving average of $40.98 and a 200-day simple moving average of $47.12. The firm has a market capitalization of $55.22 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CMG shares. Sanford C. Bernstein dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, October 2nd. Guggenheim dropped their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Truist Financial dropped their target price on shares of Chipotle Mexican Grill from $60.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, October 14th. Stifel Nicolaus dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, September 9th. Finally, Melius started coverage on shares of Chipotle Mexican Grill in a report on Monday, July 14th. They issued a "hold" rating and a $60.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $56.69.

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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