Bank of New York Mellon Corp Acquires New Shares in Chipotle Mexican Grill, Inc. $CMG

Bank of New York Mellon Corp acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,553,198 shares of the restaurant operator's stock, valued at approximately $222,809,000. Bank of New York Mellon Corp owned approximately 0.52% of Chipotle Mexican Grill as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Wealth Watch Advisors INC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter worth about $25,000. MV Capital Management Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $26,000. Osbon Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $28,000. Merkkuri Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter worth $28,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth $28,000. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $36.84 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $43.72. The stock has a market capitalization of $46.62 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.35 and a beta of 0.94. The company's 50-day moving average is $33.80 and its 200 day moving average is $33.99.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. Chipotle Mexican Grill's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. DA Davidson boosted their target price on Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Thursday, April 30th. BTIG Research restated a "buy" rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 5th. Weiss Ratings raised shares of Chipotle Mexican Grill from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $44.16.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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