S Bank Fund Management Ltd Makes New $441,000 Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• S Bank Fund Management Ltd made a new investment in Chipotle Mexican Grill, acquiring 8,775 shares worth approximately $441,000.
• Insider Roger E. Theodoredis sold 113,875 shares of Chipotle for over $5.6 million, reducing his ownership stake by 50.91%.
• Analysts maintain a generally positive outlook with the average rating for Chipotle at "Moderate Buy" and a price target of $60.61.

S Bank Fund Management Ltd acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,775 shares of the restaurant operator's stock, valued at approximately $441,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Chipotle Mexican Grill by 1.3% in the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock valued at $6,148,884,000 after buying an additional 1,597,287 shares during the last quarter. Northern Trust Corp increased its holdings in Chipotle Mexican Grill by 11.1% in the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after buying an additional 1,438,860 shares during the last quarter. Nuveen LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $535,023,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Chipotle Mexican Grill by 24.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock valued at $619,743,000 after buying an additional 2,006,338 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Chipotle Mexican Grill by 98.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock valued at $497,105,000 after buying an additional 4,903,969 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded up $0.87 during trading hours on Friday, hitting $44.04. The company had a trading volume of 19,039,548 shares, compared to its average volume of 14,187,636. Chipotle Mexican Grill, Inc. has a 12 month low of $41.18 and a 12 month high of $66.74. The firm has a market capitalization of $59.05 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 2.21 and a beta of 1.05. The firm's fifty day moving average is $50.54 and its 200 day moving average is $51.25.

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

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent analyst reports. TD Securities reissued a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price objective for the company. Guggenheim decreased their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a report on Friday, July 25th. BMO Capital Markets raised Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $56.00 to $65.00 in a report on Friday, July 18th. Finally, Morgan Stanley decreased their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $60.22.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction 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 transaction, the insider owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Company 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.