Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

Key Points

• United Super Pty Ltd has increased its holdings in Chipotle Mexican Grill by 81.1%, acquiring a total of 576,203 shares, valued at approximately $28.93 million.
• Analysts have set a consensus price target of $60.71 for Chipotle, with nineteen analysts rating it a "buy" and several adjusting their price targets down in recent reports.
• Insider Roger E. Theodoredis sold 113,875 shares at around $49.70 each, resulting in a significant decrease in his stake of approximately 50.91%.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 81.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 576,203 shares of the restaurant operator's stock after buying an additional 258,053 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Chipotle Mexican Grill were worth $28,931,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Revolve Wealth Partners LLC raised its position in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 214 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in Chipotle Mexican Grill by 22.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after buying an additional 279,267 shares in the last quarter. Headlands Technologies LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at about $488,000. Arete Wealth Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 36.8% during the fourth quarter. Arete Wealth Advisors LLC now owns 9,534 shares of the restaurant operator's stock valued at $575,000 after acquiring an additional 2,566 shares during the last quarter. Finally, Pitcairn Co. lifted its position in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Pitcairn Co. now owns 8,082 shares of the restaurant operator's stock valued at $487,000 after acquiring an additional 363 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on CMG shares. Citigroup decreased their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their target price for the company from $56.00 to $65.00 in a research report on Friday, July 18th. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. KeyCorp dropped their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, Loop Capital decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.71.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.81% of the stock is owned by company insiders.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $42.53 on Friday. The company has a market capitalization of $57.03 billion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a fifty-two week low of $42.46 and a fifty-two week high of $66.74. The firm has a 50 day moving average price of $52.00 and a 200 day moving average price of $52.16.

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

About Chipotle Mexican Grill

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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