Royal London Asset Management Ltd. Has $20.31 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Royal London Asset Management cut its Chipotle stake by 27.2% in the second quarter, selling 223,344 shares and retaining 597,250 shares valued at approximately $20.31 million.
• Institutional ownership remains high at 91.3%, with several funds adding to their positions, including Norges Bank, Focus Partners Advisor Solutions and PensionDanmark.
• Chipotle slightly exceeded quarterly expectations, reporting $0.33 in earnings per share and $3.35 billion in revenue. Analysts maintain a “Moderate Buy” consensus, with an average price target of $43.84 versus the stock’s reported $38.08 price.

Royal London Asset Management Ltd. trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 27.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 597,250 shares of the restaurant operator's stock after selling 223,344 shares during the period. Royal London Asset Management Ltd.'s holdings in Chipotle Mexican Grill were worth $20,306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. EP Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill in the 2nd quarter valued at about $948,000. Callan Family Office LLC acquired a new stake in Chipotle Mexican Grill during the second quarter worth approximately $1,406,000. Norges Bank bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $711,837,000. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Chipotle Mexican Grill by 156.9% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator's stock worth $2,156,000 after acquiring an additional 35,589 shares during the period. Finally, PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Chipotle Mexican Grill by 40.2% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator's stock valued at $9,138,000 after purchasing an additional 77,002 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Up 0.1%

Shares of CMG opened at $38.08 on Monday. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $42.81. The firm's 50 day moving average is $34.33 and its 200-day moving average is $33.90. The stock has a market capitalization of $48.19 billion, a PE ratio of 34.94, a P/E/G ratio of 2.42 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $3.35 billion during the quarter, compared to analysts' expectations of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction on Friday, August 21st. The stock was sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the transaction, the insider directly owned 21,415 shares of the company's stock, valued at $765,586.25. The trade was a 11.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. TD Cowen reiterated a "buy" rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Citigroup reduced their price target on Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, July 13th. UBS Group reaffirmed a "buy" rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Raymond James Financial reiterated an "outperform" rating and set a $42.50 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Finally, Piper Sandler dropped their target price on Chipotle Mexican Grill from $42.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus price target of $43.84.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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