TIAA Trust National Association Buys 160,787 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

TIAA Trust National Association grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 63.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 414,772 shares of the restaurant operator's stock after acquiring an additional 160,787 shares during the period. TIAA Trust National Association's holdings in Chipotle Mexican Grill were worth $20,826,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMG. Revolve Wealth Partners LLC raised its position in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the period. Csenge Advisory Group grew its holdings 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 acquiring an additional 220 shares during the last quarter. Money Concepts Capital Corp grew its holdings 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 acquiring an additional 221 shares during the last quarter. Northwest Bank & Trust Co grew its holdings in Chipotle Mexican Grill by 0.5% in the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after acquiring an additional 236 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in Chipotle Mexican Grill by 2.6% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 9,728 shares of the restaurant operator's stock worth $488,000 after acquiring an additional 243 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $42.53 on Friday. The stock has a market capitalization 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. Chipotle Mexican Grill, Inc. has a 52-week low of $42.46 and a 52-week high of $66.74. The company has a 50-day simple moving average of $52.00 and a two-hundred day simple moving average of $52.12.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion during 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 revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

CMG has been the topic of a number of recent analyst reports. Guggenheim cut their price target on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. 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. Raymond James Financial reissued an "outperform" rating and issued a $60.00 price target (down previously from $62.00) on shares of Chipotle Mexican Grill 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. Finally, Morgan Stanley cut their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.71.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated 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 transaction, the insider directly owned 109,815 shares of the company's stock, 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 link. Company insiders own 0.81% of the company's stock.

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.

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