Jefferies Financial Group Inc. Raises Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Jefferies Financial Group Inc. significantly increased its stake in Chipotle Mexican Grill, growing its holdings by 525.5% to own 102,236 shares, valued at approximately $5.1 million.
• The majority of Chipotle's stock, about 91.31%, is currently owned by institutional investors and hedge funds, showcasing strong institutional interest in the company.
• Chipotle's latest earnings report showed a slight increase in revenue year-over-year, with a reported net margin of 13.32% and a return on equity of 43.50%, despite missing analyst revenue estimates.

Jefferies Financial Group Inc. grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 525.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,236 shares of the restaurant operator's stock after buying an additional 85,892 shares during the period. Jefferies Financial Group Inc.'s holdings in Chipotle Mexican Grill were worth $5,133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Chipotle Mexican Grill by 4,138,574.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after buying an additional 8,318,534 shares during the last quarter. Voya Investment Management LLC increased its position in Chipotle Mexican Grill by 114.2% during the 4th quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock valued at $541,914,000 after purchasing an additional 4,790,464 shares during the period. Montrusco Bolton Investments Inc. increased its position in Chipotle Mexican Grill by 5,319.7% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after purchasing an additional 4,759,520 shares during the period. Manning & Napier Advisors LLC purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at $127,892,000. Finally, Sarasin & Partners LLP increased its position in Chipotle Mexican Grill by 1,016.6% during the 1st quarter. Sarasin & Partners LLP now owns 2,482,333 shares of the restaurant operator's stock valued at $124,638,000 after purchasing an additional 2,260,016 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded down $0.35 during trading hours on Friday, reaching $42.53. The company had a trading volume of 19,080,870 shares, compared to its average volume of 20,091,236. Chipotle Mexican Grill, Inc. has a 1-year low of $42.46 and a 1-year high of $66.74. The firm has a market cap of $57.03 billion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The business's 50 day moving average price is $52.00 and its 200-day moving average price is $52.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the company posted $0.34 earnings per share. Chipotle Mexican Grill's revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business'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 completion of the sale, the insider directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stephens reissued an "equal weight" rating and set a $60.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. TD Cowen reduced their target price on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Melius assumed coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 target price on the stock. Guggenheim reduced their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. Finally, Piper Sandler increased their price objective on shares of Chipotle Mexican Grill from $52.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus price target of $60.71.

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.