Chipotle Mexican Grill, Inc. $CMG Shares Bought by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its stake in Chipotle Mexican Grill by 11.6%, acquiring an additional 10,621 shares, bringing their total to 102,089 shares valued at approximately $5.1 million.
• Several hedge funds have also adjusted their positions in Chipotle, with significant increases in holdings from Charles Schwab Investment Management (up 5.8%) and Banco Santander (up 47.6%).
• Wall Street analysts have mixed predictions for Chipotle's stock, with target prices ranging from $56.00 to $65.00, alongside a consensus rating of "Moderate Buy".

UniSuper Management Pty Ltd raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 11.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,089 shares of the restaurant operator's stock after acquiring an additional 10,621 shares during the period. UniSuper Management Pty Ltd's holdings in Chipotle Mexican Grill were worth $5,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CMG. Nuveen LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $535,023,000. Goldman Sachs Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 98.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock valued at $497,105,000 after buying an additional 4,903,969 shares during the last quarter. Montrusco Bolton Investments Inc. raised its holdings in shares of Chipotle Mexican Grill by 5,319.7% in the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after buying an additional 4,759,520 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Chipotle Mexican Grill by 7.6% during the first 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 in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in Chipotle Mexican Grill during the first quarter worth about $127,892,000. Institutional investors and hedge funds own 91.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CMG. Robert W. Baird lowered their target price on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Melius began coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They set a "hold" rating and a $60.00 target price on the stock. Rothschild & Co Redburn upgraded shares of Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 target price on the stock in a research report on Wednesday, September 3rd. BTIG Research restated a "buy" rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Finally, TD Cowen lowered their target price on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $59.76.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded down $0.31 during trading hours on Friday, reaching $38.65. 22,287,228 shares of the company were exchanged, compared to its average volume of 14,610,478. The firm has a market cap of $51.83 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.97 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The stock has a 50 day simple moving average of $45.91 and a 200 day simple moving average of $49.23.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted 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%. Chipotle Mexican Grill's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.