Trillium Asset Management LLC Acquires 33,425 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Trillium Asset Management LLC increased its holdings in Chipotle Mexican Grill by 4.2% in Q1, acquiring an additional 33,425 shares, bringing its total to 834,120 shares valued at approximately $41.88 million.
• A significant number of institutional investors have also adjusted their positions in Chipotle, with Nuveen LLC purchasing a new position valued at around $535 million, and DZ BANK AG drastically increasing its holdings by over 4 million percent last quarter.
• Chipotle recently reported quarterly earnings that exceeded analyst expectations, posting earnings per share of $0.33, while revenues of $3.06 billion slightly fell short of estimates, marking a 3% increase compared to the same quarter last year.

Trillium Asset Management LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 834,120 shares of the restaurant operator's stock after buying an additional 33,425 shares during the quarter. Chipotle Mexican Grill makes up about 1.2% of Trillium Asset Management LLC's holdings, making the stock its 20th biggest holding. Trillium Asset Management LLC owned about 0.06% of Chipotle Mexican Grill worth $41,881,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Dillon & Associates Inc. grew its stake in shares of Chipotle Mexican Grill by 6.2% in the first quarter. Dillon & Associates Inc. now owns 273,396 shares of the restaurant operator's stock worth $13,670,000 after purchasing an additional 15,915 shares during the last quarter. AGF Management Ltd. grew its position in shares of Chipotle Mexican Grill by 68.9% in the 1st quarter. AGF Management Ltd. now owns 1,506,035 shares of the restaurant operator's stock worth $75,618,000 after buying an additional 614,481 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of Chipotle Mexican Grill by 238.6% during the first quarter. Public Sector Pension Investment Board now owns 573,473 shares of the restaurant operator's stock valued at $28,794,000 after buying an additional 404,127 shares during the period. AIA Group Ltd raised its holdings in shares of Chipotle Mexican Grill by 1.5% during the first quarter. AIA Group Ltd now owns 31,600 shares of the restaurant operator's stock valued at $1,587,000 after acquiring an additional 454 shares in the last quarter. Finally, Motley Fool Asset Management LLC lifted its stake in Chipotle Mexican Grill by 5.8% in the first quarter. Motley Fool Asset Management LLC now owns 76,726 shares of the restaurant operator's stock worth $3,852,000 after acquiring an additional 4,198 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analysts Set New Price Targets

CMG has been the topic of a number of research analyst reports. Citigroup reduced their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. reduced their target price on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Raymond James Financial restated an "outperform" rating and set a $60.00 price target (down from $62.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. Finally, Barclays decreased their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average price target of $60.61.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the 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 completion of the transaction, the insider owned 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Down 0.9%

NYSE CMG traded down $0.38 on Thursday, reaching $43.10. The company had a trading volume of 22,751,405 shares, compared to its average volume of 14,155,278. The stock has a market capitalization of $57.79 billion, a PE ratio of 38.48, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 12 month low of $41.18 and a 12 month high of $66.74. The firm's 50 day moving average price is $50.73 and its 200 day moving average price is $51.35.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced 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. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the company earned $0.34 earnings per share. The firm's revenue was up 3.0% on a year-over-year basis. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.