Chipotle Mexican Grill Inc. (CMG) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.
Sumitomo Mitsui Trust Holdings Inc. increased its stake in Chipotle Mexican Grill Inc. (NYSE:CMG) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,755 shares of the company’s stock after buying an additional 559 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.32% of Chipotle Mexican Grill worth $37,358,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in CMG. Cribstone Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at about $145,000. Tufton Capital Management acquired a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $201,000. Fox Run Management L.L.C. acquired a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $242,000. Prospera Financial Services Inc acquired a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $242,000. Finally, Iron Financial LLC boosted its stake in Chipotle Mexican Grill by 1.9% in the second quarter. Iron Financial LLC now owns 687 shares of the company’s stock valued at $277,000 after buying an additional 13 shares in the last quarter. 96.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of Chipotle Mexican Grill Inc. (NYSE:CMG) traded up 2.87% on Wednesday, hitting $405.25. The stock had a trading volume of 916,877 shares. The company has a 50 day moving average of $417.32 and a 200-day moving average of $422.23. The firm has a market capitalization of $11.80 billion, a P/E ratio of 58.38 and a beta of 0.60. Chipotle Mexican Grill Inc. has a 12-month low of $384.77 and a 12-month high of $669.11.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by $0.06. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%. The firm earned $998.40 million during the quarter, compared to analyst estimates of $1.06 billion. Equities analysts predict that Chipotle Mexican Grill Inc. will post $3.75 EPS for the current fiscal year.
Several analysts recently commented on CMG shares. Oppenheimer Holdings Inc. restated a “” rating on shares of Chipotle Mexican Grill in a research report on Thursday, September 8th. Vetr cut Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $443.42 target price on the stock. in a research report on Wednesday, July 6th. Sanford C. Bernstein restated a “buy” rating and issued a $730.00 target price on shares of Chipotle Mexican Grill in a research report on Saturday, July 2nd. Buckingham Research restated a “buy” rating and issued a $547.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, June 30th. Finally, SunTrust Banks Inc. restated a “buy” rating and issued a $550.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 22nd. Eight research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $477.69.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.
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