Chipotle Mexican Grill, Inc. $CMG Shares Purchased by National Pension Service

Key Points

• National Pension Service increased its Chipotle stake by 9.4% in the second quarter, purchasing 198,749 additional shares and bringing its holdings to 2.31 million shares valued at approximately $78.6 million.
• Institutional investors and hedge funds own 91.3% of CMG, while an insider recently sold 2,675 shares for about $95,600.
• Chipotle exceeded quarterly earnings and revenue expectations, reporting $0.33 in EPS and $3.35 billion in revenue. Analysts maintain a “Moderate Buy” consensus with an average price target of $43.84.

National Pension Service boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 9.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,312,845 shares of the restaurant operator's stock after purchasing an additional 198,749 shares during the quarter. National Pension Service owned approximately 0.18% of Chipotle Mexican Grill worth $78,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CMG. Engineers Gate Manager LP lifted its holdings in Chipotle Mexican Grill by 833.5% during the 2nd quarter. Engineers Gate Manager LP now owns 723,446 shares of the restaurant operator's stock worth $24,597,000 after buying an additional 645,944 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Chipotle Mexican Grill by 6.2% during the 2nd quarter. NewEdge Advisors LLC now owns 159,551 shares of the restaurant operator's stock worth $5,425,000 after acquiring an additional 9,334 shares in the last quarter. IFP Advisors Inc lifted its stake in Chipotle Mexican Grill by 7.6% during the second quarter. IFP Advisors Inc now owns 32,686 shares of the restaurant operator's stock worth $1,111,000 after purchasing an additional 2,300 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Chipotle Mexican Grill by 25.4% during the second quarter. Baird Financial Group Inc. now owns 214,765 shares of the restaurant operator's stock worth $7,302,000 after purchasing an additional 43,438 shares during the last quarter. Finally, Empirical Finance LLC boosted its holdings in Chipotle Mexican Grill by 3.2% in the second quarter. Empirical Finance LLC now owns 47,410 shares of the restaurant operator's stock valued at $1,612,000 after purchasing an additional 1,476 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Matthew R. Bush sold 2,675 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the sale, the insider owned 21,415 shares in the company, valued at $765,586.25. This represents a 11.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Up 0.3%

CMG opened at $36.23 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $42.81. The business's 50 day moving average is $35.11 and its two-hundred day moving average is $33.91. The firm has a market cap of $45.85 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The company's revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent analyst reports. Bank of America reiterated a "buy" rating and issued a $53.00 price target (up from $50.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, September 1st. Sanford C. Bernstein restated an "outperform" rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. UBS Group restated a "buy" rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Citigroup dropped their target price on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, July 13th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $42.50 price target on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.84.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that operates restaurants under the Chipotle Mexican Grill brand. Its menu centers on customizable Mexican-inspired food, including burritos, bowls, tacos and salads, along with sides, beverages and children's meals.

The company emphasizes cooking with responsibly sourced ingredients and preparing food in its restaurants. Customers can order meals in person, through digital ordering channels, for pickup or delivery. Chipotle serves customers primarily in the United States, with additional restaurants in Canada, the United Kingdom, France and Germany.

Chipotle was founded in 1993 by Steve Ells in Denver, Colorado.

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