MUFG Securities EMEA plc Sells 221,457 Shares of Chipotle Mexican Grill, Inc. $CMG

MUFG Securities EMEA plc cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 80.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,208 shares of the restaurant operator’s stock after selling 221,457 shares during the quarter. MUFG Securities EMEA plc’s holdings in Chipotle Mexican Grill were worth $2,006,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMG. Vanguard Group Inc. increased its holdings in Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after buying an additional 18,660,882 shares during the last quarter. Capital World Investors increased its stake in shares of Chipotle Mexican Grill by 122.7% during the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after purchasing an additional 48,398,628 shares during the last quarter. Capital International Investors raised its holdings in shares of Chipotle Mexican Grill by 42.4% in the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after purchasing an additional 11,471,658 shares during the period. Norges Bank bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $711,837,000. Finally, Sustainable Growth Advisers LP lifted its stake in Chipotle Mexican Grill by 17.5% in the third quarter. Sustainable Growth Advisers LP now owns 12,495,638 shares of the restaurant operator’s stock valued at $489,704,000 after purchasing an additional 1,862,855 shares during the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Piper Sandler dropped their price target on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Raymond James Financial cut their price objective on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. TD Cowen reiterated a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Finally, Guggenheim decreased their price objective on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Twenty-four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $46.03.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $30.54 on Tuesday. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $58.42. The company has a market capitalization of $39.17 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99. The company’s 50 day moving average price is $33.19 and its two-hundred day moving average price is $35.29.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.