Chipotle Mexican Grill, Inc. $CMG Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 30.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,845,627 shares of the restaurant operator's stock after acquiring an additional 2,541,795 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.86% of Chipotle Mexican Grill worth $368,751,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at $4,417,475,000. Norges Bank purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth $711,837,000. Capital World Investors lifted its holdings in Chipotle Mexican Grill by 15.8% in the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator's stock worth $3,762,457,000 after buying an additional 13,843,222 shares in the last quarter. Bank of America Corp DE acquired a new position in Chipotle Mexican Grill in the 2nd quarter worth $383,483,000. Finally, Clearbridge Investments LLC boosted its position in Chipotle Mexican Grill by 206.4% in the 4th quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator's stock valued at $520,300,000 after buying an additional 9,473,120 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. DA Davidson increased their price target on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Stephens restated a "positive" rating and set a $40.00 price objective (up from $36.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $38.00 to $35.00 in a research note on Friday, June 5th. Finally, Guggenheim restated a "neutral" rating and set a $36.00 price objective (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Twenty-three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average price target of $43.84.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the transaction, the insider owned 21,415 shares in the company, valued at approximately $765,586.25. The trade was a 11.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by insiders.

Chipotle Mexican Grill Trading Up 0.1%

Shares of NYSE:CMG opened at $38.08 on Monday. The firm's 50 day moving average is $34.33 and its two-hundred day moving average is $33.90. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $42.81. The firm has a market capitalization of $48.19 billion, a P/E ratio of 34.94, a PEG ratio of 2.42 and a beta of 0.94.

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

Chipotle Mexican Grill Company 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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