Chipotle Mexican Grill, Inc. $CMG Stock Position Lifted by Shell Asset Management Co.

Key Points

• Shell Asset Management Co. increased its stake in Chipotle Mexican Grill by 15.1%, owning 208,939 shares worth approximately $11.73 million at the end of the last reporting period.
• Chipotle reported $3.06 billion in revenue for its latest quarterly earnings, exceeding expectations, with an earnings per share (EPS) of $0.33, slightly beating the forecast of $0.32.
• Currently, institutional investors and hedge funds hold 91.30% of Chipotle's stock, reflecting strong institutional interest in the company.

Shell Asset Management Co. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 15.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 208,939 shares of the restaurant operator's stock after purchasing an additional 27,373 shares during the period. Shell Asset Management Co.'s holdings in Chipotle Mexican Grill were worth $11,732,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Chipotle Mexican Grill by 1.3% in the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock valued at $6,148,884,000 after acquiring an additional 1,597,287 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock valued at $2,853,302,000 after buying an additional 4,027,016 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Chipotle Mexican Grill by 8.0% during the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock valued at $1,632,092,000 after purchasing an additional 2,404,798 shares during the period. American Century Companies Inc. raised its stake in shares of Chipotle Mexican Grill by 2.1% in the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock valued at $1,037,471,000 after buying an additional 425,648 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Chipotle Mexican Grill by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator's stock worth $557,904,000 after purchasing an additional 833,760 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $41.69 on Tuesday. The stock has a market capitalization of $55.90 billion, a P/E ratio of 37.22, a PEG ratio of 2.13 and a beta of 0.99. The stock has a 50-day simple moving average of $41.40 and a 200 day simple moving average of $47.87. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CMG. Raymond James Financial dropped their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price objective for the company. Rothschild & Co Redburn raised Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 price objective on the stock in a research note on Wednesday, September 3rd. Stephens reiterated an "equal weight" rating and set a $60.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, September 29th. Finally, TD Securities reaffirmed a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $59.41.

Chipotle Mexican Grill Company 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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