Czech National Bank Acquires 18,043 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• The Czech National Bank increased its stake in Chipotle Mexican Grill by 5.8% by acquiring an additional 18,043 shares, bringing its total holdings to 329,343 shares valued at approximately $18.5 million.
• Chipotle Mexican Grill reported $0.33 EPS for the last quarter, slightly beating the expected $0.32, while its quarterly revenue reached $3.06 billion, below the anticipated $3.11 billion.
• Analyst ratings show a consensus of Moderate Buy for Chipotle, with a price target averaging $59.76, as many analysts have recently revised their price objectives for the stock.

Czech National Bank raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 329,343 shares of the restaurant operator's stock after buying an additional 18,043 shares during the period. Czech National Bank's holdings in Chipotle Mexican Grill were worth $18,493,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Nuveen LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter valued at $535,023,000. Goldman Sachs Group Inc. grew its holdings in shares of Chipotle Mexican Grill by 98.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock worth $497,105,000 after purchasing an additional 4,903,969 shares during the last quarter. Montrusco Bolton Investments Inc. increased its stake in shares of Chipotle Mexican Grill by 5,319.7% in the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after buying an additional 4,759,520 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Chipotle Mexican Grill by 7.6% in the first 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. Finally, Manning & Napier Advisors LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter worth about $127,892,000. Institutional investors and hedge funds own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Up 0.4%

Shares of Chipotle Mexican Grill stock traded up $0.16 during trading on Thursday, reaching $39.83. 23,546,630 shares of the company were exchanged, compared to its average volume of 17,955,750. The business has a 50-day moving average price of $44.22 and a 200-day moving average price of $48.74. The firm has a market capitalization of $53.41 billion, a price-to-earnings ratio of 35.56, a P/E/G ratio of 2.02 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $3.06 billion for 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 earnings per share. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on CMG shares. Robert W. Baird lowered their price objective on shares of 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. Barclays lowered their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. KeyCorp reduced their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Melius initiated coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a "hold" rating and a $60.00 target price for the company. Finally, UBS Group lifted their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $59.76.

Chipotle Mexican Grill 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.