Korea Investment CORP Boosts Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

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Korea Investment CORP lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,159,081 shares of the restaurant operator's stock after buying an additional 16,466 shares during the quarter. Korea Investment CORP owned about 0.09% of Chipotle Mexican Grill worth $58,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Revolve Wealth Partners LLC grew its position in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares in the last quarter. Csenge Advisory Group boosted its stake in Chipotle Mexican Grill by 5.0% in the 1st quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock worth $222,000 after purchasing an additional 220 shares during the period. Money Concepts Capital Corp boosted its stake in Chipotle Mexican Grill by 3.0% in the 1st quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after purchasing an additional 221 shares during the period. Northwest Bank & Trust Co grew its holdings in Chipotle Mexican Grill by 0.5% during the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock valued at $2,788,000 after buying an additional 236 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Chipotle Mexican Grill by 5.3% during the first quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock valued at $240,000 after buying an additional 242 shares during the period. 91.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Securities restated a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Guggenheim reduced their price target on shares of 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. BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $56.00 to $65.00 in a report on Friday, July 18th. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Melius assumed coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They set a "hold" rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.22.

Chipotle Mexican Grill Stock Up 1.7%

Shares of Chipotle Mexican Grill stock traded up $0.7470 during trading on Friday, hitting $43.6570. 7,686,685 shares of the stock traded hands, compared to its average volume of 14,170,991. The stock has a market cap of $58.54 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 2.19 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 52 week low of $41.18 and a 52 week high of $66.74. The firm's fifty day moving average is $49.73 and its 200-day moving average is $50.73.

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