Sustainable Insight Capital Management LLC cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 194,179 shares of the restaurant operator's stock after selling 31,904 shares during the quarter. Chipotle Mexican Grill accounts for 4.9% of Sustainable Insight Capital Management LLC's investment portfolio, making the stock its 5th biggest holding. Sustainable Insight Capital Management LLC's holdings in Chipotle Mexican Grill were worth $9,750,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Vanguard Group Inc. raised its holdings in shares of 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 worth $6,148,884,000 after acquiring an additional 1,597,287 shares during the last quarter. Northern Trust Corp grew its position in shares of Chipotle Mexican Grill by 11.1% in the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after purchasing an additional 1,438,860 shares during the period. Nuveen LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $535,023,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Chipotle Mexican Grill by 24.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock valued at $619,743,000 after purchasing an additional 2,006,338 shares during the period. Finally, Goldman Sachs Group Inc. grew its position 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 purchasing an additional 4,903,969 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.
Chipotle Mexican Grill Trading Up 1.5%
NYSE CMG traded up $0.63 on Wednesday, hitting $43.46. 19,468,612 shares of the stock traded hands, compared to its average volume of 22,408,532. The stock has a 50-day moving average of $50.90 and a 200 day moving average of $51.41. Chipotle Mexican Grill, Inc. has a twelve month low of $41.18 and a twelve month high of $66.74. The company has a market capitalization of $58.28 billion, a P/E ratio of 38.80, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Chipotle Mexican Grill's revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.
Wall Street Analysts Forecast Growth
CMG has been the subject of a number of recent analyst reports. KeyCorp lowered their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. TD Cowen lowered their price objective on Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Robert W. Baird lowered their price objective on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. Guggenheim lowered their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Finally, Melius assumed coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They set a "hold" rating and a $60.00 price target for the company. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus target price of $60.61.
Read Our Latest Report on Chipotle Mexican Grill
Insider Transactions at Chipotle Mexican Grill
In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the sale, the insider owned 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.81% of the stock is owned by insiders.
Chipotle Mexican Grill Profile
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Free Report)
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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