Mitsubishi UFJ Asset Management Co. Ltd. Grows Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Chipotle Mexican Grill by 12.8% in Q1 2023, owning approximately 2,425,017 shares worth $121.76 million.
• Insider Roger E. Theodoredis sold 113,875 shares of Chipotle stock, representing a 50.91% decrease in his ownership, with the transaction valued at approximately $5.66 million.
• Chipotle's stock is currently trading at $41.47, having experienced a 52-week high of $66.74, while reporting a quarterly EPS of $0.33, slightly above analyst estimates.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 12.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,425,017 shares of the restaurant operator's stock after buying an additional 275,154 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.18% of Chipotle Mexican Grill worth $121,760,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CMG. Cloud Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth $25,000. HighMark Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 371 shares in the last quarter. North Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at about $30,000. ORG Wealth Partners LLC acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at about $31,000. Finally, Mascagni Wealth Management Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 91.31% of the company's stock.

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 on 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 sale, the insider owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Performance

CMG stock traded down $1.22 during trading on Friday, reaching $41.47. 22,568,844 shares of the company were exchanged, compared to its average volume of 21,007,966. The stock's 50 day moving average price is $51.21 and its 200 day moving average price is $51.64. Chipotle Mexican Grill, Inc. has a 52-week low of $41.43 and a 52-week high of $66.74. The company has a market cap of $55.61 billion, a P/E ratio of 37.03, a PEG ratio of 2.17 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 EPS. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CMG. Robert W. Baird reduced their price objective on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. Redburn Atlantic initiated coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Finally, Raymond James Financial restated an "outperform" rating and issued a $60.00 price objective (down from $62.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average target price of $60.71.

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.