World Asset Management Inc Buys 19 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

World Asset Management Inc raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,816 shares of the restaurant operator’s stock after purchasing an additional 19 shares during the period. World Asset Management Inc’s holdings in Chipotle Mexican Grill were worth $1,331,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CMG. Geode Capital Management LLC increased its stake in shares of Chipotle Mexican Grill by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 309,980 shares of the restaurant operator’s stock valued at $133,605,000 after purchasing an additional 27,247 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Chipotle Mexican Grill by 11.4% in the 4th quarter. MML Investors Services LLC now owns 843 shares of the restaurant operator’s stock valued at $364,000 after purchasing an additional 86 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $281,000. APG Asset Management N.V. purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $1,246,000. Finally, Nordea Investment Management AB increased its stake in shares of Chipotle Mexican Grill by 5.4% in the 4th quarter. Nordea Investment Management AB now owns 1,676 shares of the restaurant operator’s stock valued at $724,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 94.99% of the company’s stock.

In related news, insider Steve Ells sold 28,645 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $802.66, for a total value of $22,992,195.70. Following the transaction, the insider now directly owns 183,580 shares in the company, valued at $147,352,322.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Boatwright sold 1,805 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $740.22, for a total value of $1,336,097.10. Following the completion of the transaction, the insider now owns 8,869 shares in the company, valued at $6,565,011.18. The disclosure for this sale can be found here. Insiders sold 120,890 shares of company stock valued at $90,168,266 over the last 90 days. Company insiders own 2.21% of the company’s stock.

Several brokerages recently weighed in on CMG. Morgan Stanley lifted their price target on Chipotle Mexican Grill from $700.00 to $706.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Jefferies Financial Group lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating and lifted their price target for the company from $600.00 to $700.00 in a research note on Thursday, April 11th. Wells Fargo & Co boosted their price objective on Chipotle Mexican Grill from $696.00 to $714.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. Cleveland Research upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, Evercore ISI began coverage on Chipotle Mexican Grill in a research note on Tuesday, June 11th. They set an “outperform” rating and a $825.00 price objective for the company. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $700.26.

Shares of CMG stock traded down $6.33 during trading hours on Thursday, reaching $789.20. The company had a trading volume of 397,220 shares, compared to its average volume of 502,416. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.52 and a quick ratio of 1.48. The stock has a fifty day simple moving average of $746.38. The firm has a market cap of $21.88 billion, a P/E ratio of 87.11, a price-to-earnings-growth ratio of 3.27 and a beta of 0.67. Chipotle Mexican Grill, Inc. has a 12-month low of $383.20 and a 12-month high of $811.95.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.31. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. Chipotle Mexican Grill had a return on equity of 21.50% and a net margin of 4.80%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.87 earnings per share. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 13.2 earnings per share for the current fiscal year.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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