10,655,700 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired over 10.6 million shares of Chipotle Mexican Grill, valued at approximately $535 million, representing 0.79% of the company's stock after the latest quarter.
• Chipotle reported a quarterly EPS of $0.33, which surpassed consensus estimates, with a revenue of $3.06 billion, reflecting a 3.0% increase year-over-year.
• Investment analysts have mixed ratings for Chipotle, with nine analysts rating it as hold and nineteen rating it as buy, leading to an average target price of $60.71.

Nuveen LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,655,700 shares of the restaurant operator's stock, valued at approximately $535,023,000. Nuveen LLC owned about 0.79% of Chipotle Mexican Grill as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in Chipotle Mexican Grill by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator's stock worth $450,868,000 after buying an additional 491,002 shares during the period. Banco Santander S.A. boosted its holdings in Chipotle Mexican Grill by 47.6% in the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator's stock worth $1,595,000 after buying an additional 10,246 shares during the period. Community Trust & Investment Co. bought a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $7,773,000. LPL Financial LLC boosted its holdings in Chipotle Mexican Grill by 4.3% in the 1st quarter. LPL Financial LLC now owns 1,276,359 shares of the restaurant operator's stock worth $64,086,000 after buying an additional 52,937 shares during the period. Finally, Jefferies Financial Group Inc. boosted its holdings in Chipotle Mexican Grill by 525.5% in the 1st quarter. Jefferies Financial Group Inc. now owns 102,236 shares of the restaurant operator's stock worth $5,133,000 after buying an additional 85,892 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analyst Ratings Changes

CMG has been the topic of a number of analyst reports. Melius initiated 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. KeyCorp cut their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $56.00 to $65.00 in a report on Friday, July 18th. UBS Group raised their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Barclays cut their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.71.

Insider Activity at Chipotle Mexican Grill

In related 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 transaction of $5,659,587.50. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Trading Up 0.4%

Chipotle Mexican Grill stock traded up $0.18 during midday trading on Monday, reaching $41.62. 17,510,152 shares of the stock traded hands, compared to its average volume of 21,723,508. The firm has a fifty day moving average price of $51.05 and a two-hundred day moving average price of $51.47. The firm has a market cap of $55.81 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 2.11 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a fifty-two week low of $41.18 and a fifty-two week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the business earned $0.34 EPS. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.