Banco Santander S.A. Purchases 10,246 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Banco Santander S.A. increased its holdings in Chipotle Mexican Grill by 47.6%, purchasing an additional 10,246 shares in the 1st quarter, bringing its total to 31,764 shares valued at approximately $1,595,000.
• Several hedge funds have recently adjusted their stakes in Chipotle, with significant acquisitions such as Voya Investment Management LLC increasing its stake by 114.2% in the 4th quarter.
• Chipotle reported $0.33 EPS for the last quarter, slightly exceeding analysts' expectations, with a revenue of $3.06 billion despite underperforming against consensus estimates.

Banco Santander S.A. grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 47.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,764 shares of the restaurant operator's stock after purchasing an additional 10,246 shares during the quarter. Banco Santander S.A.'s holdings in Chipotle Mexican Grill were worth $1,595,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CMG. Northern Trust Corp increased its stake in shares of Chipotle Mexican Grill by 11.1% in the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after acquiring an additional 1,438,860 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Chipotle Mexican Grill by 24.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock valued at $619,743,000 after acquiring an additional 2,006,338 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Chipotle Mexican Grill by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 9,889,179 shares of the restaurant operator's stock valued at $596,333,000 after acquiring an additional 58,535 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Chipotle Mexican Grill by 5.8% in the 1st quarter. Brown Advisory Inc. now owns 9,161,761 shares of the restaurant operator's stock valued at $460,012,000 after acquiring an additional 500,676 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 114.2% in the 4th quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock valued at $541,914,000 after acquiring an additional 4,790,464 shares in the last quarter. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $42.53 on Monday. The company's 50-day moving average is $52.00 and its 200 day moving average is $52.08. The company has a market capitalization of $57.03 billion, a P/E ratio of 37.97, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a fifty-two week low of $42.46 and a fifty-two week high of $66.74.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CMG. Redburn Atlantic began coverage on shares of Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price objective for the company. Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Truist Financial lowered their price objective on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Piper Sandler lifted their price objective on shares of Chipotle Mexican Grill from $52.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Stephens reissued an "equal weight" rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.71.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.02% of the stock is currently owned by company insiders.

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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