State Street Corp Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

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State Street Corp raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,167,797 shares of the restaurant operator’s stock after purchasing an additional 62,689 shares during the quarter. State Street Corp’s holdings in Chipotle Mexican Grill were worth $1,452,401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Gateway Investment Advisers LLC boosted its position in Chipotle Mexican Grill by 4.4% during the 3rd quarter. Gateway Investment Advisers LLC now owns 213 shares of the restaurant operator’s stock valued at $265,000 after buying an additional 9 shares during the period. World Asset Management Inc raised its holdings in Chipotle Mexican Grill by 1.2% in the 3rd quarter. World Asset Management Inc now owns 730 shares of the restaurant operator’s stock worth $908,000 after purchasing an additional 9 shares in the last quarter. Fernwood Investment Management LLC raised its holdings in Chipotle Mexican Grill by 1.1% in the 2nd quarter. Fernwood Investment Management LLC now owns 915 shares of the restaurant operator’s stock worth $963,000 after purchasing an additional 10 shares in the last quarter. YHB Investment Advisors Inc. raised its holdings in Chipotle Mexican Grill by 2.5% in the 3rd quarter. YHB Investment Advisors Inc. now owns 410 shares of the restaurant operator’s stock worth $510,000 after purchasing an additional 10 shares in the last quarter. Finally, Berman Capital Advisors LLC raised its holdings in Chipotle Mexican Grill by 50.0% in the 2nd quarter. Berman Capital Advisors LLC now owns 33 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 11 shares in the last quarter. 87.79% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE CMG opened at $1,292.57 on Friday. The firm’s 50-day moving average price is $1,284.72 and its 200-day moving average price is $1,163.65. The company has a market cap of $36.17 billion, a PE ratio of 154.61, a PEG ratio of 5.46 and a beta of 1.43. Chipotle Mexican Grill, Inc. has a 52-week low of $415.00 and a 52-week high of $1,384.46.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, October 21st. The restaurant operator reported $3.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.32. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. Chipotle Mexican Grill had a net margin of 4.08% and a return on equity of 16.70%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.82 EPS. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 10.97 EPS for the current fiscal year.

Several brokerages have commented on CMG. Stifel Nicolaus upped their price objective on shares of Chipotle Mexican Grill from $1,100.00 to $1,400.00 in a report on Wednesday, September 2nd. Piper Sandler upped their price objective on shares of Chipotle Mexican Grill from $1,514.00 to $1,745.00 and gave the stock an “overweight” rating in a report on Monday, November 16th. BMO Capital Markets upped their price objective on shares of Chipotle Mexican Grill from $1,050.00 to $1,200.00 and gave the stock a “market perform” rating in a report on Thursday, October 22nd. BTIG Research upped their price objective on shares of Chipotle Mexican Grill from $1,375.00 to $1,450.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Finally, KeyCorp upped their price objective on shares of Chipotle Mexican Grill from $1,300.00 to $1,475.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $1,317.95.

In other news, insider Roger E. Theodoredis sold 2,651 shares of the firm’s stock in a transaction dated Tuesday, November 17th. The shares were sold at an average price of $1,267.17, for a total transaction of $3,359,267.67. Following the sale, the insider now owns 4,293 shares of the company’s stock, valued at approximately $5,439,960.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2019, it operated 2,580 restaurants in the United States; 39 international Chipotle restaurants; and 3 non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG).

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

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