Zions Bancorporation National Association UT Takes $433,000 Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Zions Bancorporation National Association UT acquired 8,624 shares of Chipotle Mexican Grill, valued at approximately $433,000, during the 1st quarter, as disclosed in a 13F filing with the SEC.
• Chipotle's quarterly earnings report indicated an EPS of $0.33, surpassing the consensus estimate of $0.32, despite revenues of $3.06 billion falling short of projections.
• Institutions now hold approximately 91.31% of Chipotle's stock, with multiple investors increasing their stakes during the last quarter.

Zions Bancorporation National Association UT acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 8,624 shares of the restaurant operator's stock, valued at approximately $433,000.

A number of other large investors have also recently made changes to their positions in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Chipotle Mexican Grill by 4,138,574.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after purchasing an additional 8,318,534 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Chipotle Mexican Grill by 98.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock worth $497,105,000 after acquiring an additional 4,903,969 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Chipotle Mexican Grill by 114.2% in the fourth quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock worth $541,914,000 after acquiring an additional 4,790,464 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its holdings in Chipotle Mexican Grill by 5,319.7% in the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock worth $235,580,000 after acquiring an additional 4,759,520 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in Chipotle Mexican Grill in the first quarter worth $127,892,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

CMG stock traded up $1.16 on Tuesday, hitting $42.78. 17,394,324 shares of the company's stock were exchanged, compared to its average volume of 21,971,278. Chipotle Mexican Grill, Inc. has a 12-month low of $41.18 and a 12-month high of $66.74. The firm has a 50 day moving average price of $51.05 and a two-hundred day moving average price of $51.47. The stock has a market cap of $57.36 billion, a P/E ratio of 38.19, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued 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. 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 analysts' expectations of $3.11 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm's revenue was up 3.0% compared to the same quarter last year. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was 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 owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. TD Cowen decreased their price target on Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. TD Securities restated a "buy" rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. KeyCorp decreased their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, BMO Capital Markets upgraded Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $56.00 to $65.00 in a research note on Friday, July 18th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.61.

About Chipotle Mexican Grill

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.