Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 3,180,535 Chipotle Mexican Grill, Inc. $CMG

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,180,535 shares of the restaurant operator’s stock, valued at approximately $108,138,000.

Other hedge funds also recently bought and sold shares of the company. Revolve Wealth Partners LLC grew its stake 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 acquiring an additional 214 shares during the period. City State Bank lifted its stake in shares of Chipotle Mexican Grill by 13.4% during the 4th quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock worth $86,000 after purchasing an additional 275 shares during the period. Groupama Asset Managment boosted its holdings in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock worth $568,000 after purchasing an additional 291 shares during the last quarter. Catalyst Financial Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.6% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock worth $250,000 after purchasing an additional 298 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in shares of Chipotle Mexican Grill by 2.5% in the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock valued at $407,000 after purchasing an additional 311 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CMG shares. TD Cowen restated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Mizuho boosted their price target on Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Argus boosted their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Guggenheim restated a “neutral” rating and set a $36.00 price target (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Finally, Morgan Stanley raised their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Twenty-four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $44.16.

Chipotle Mexican Grill Stock Down 1.2%

Shares of Chipotle Mexican Grill stock opened at $33.36 on Wednesday. The business has a fifty day simple moving average of $33.55 and a 200-day simple moving average of $34.03. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $43.99. The firm has a market cap of $42.22 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 2.13 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.Chipotle Mexican Grill’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company 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.