Sustainable Growth Advisers LP Takes $597.03 Million Position in Chipotle Mexican Grill, Inc. $CMG

Sustainable Growth Advisers LP bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,632,783 shares of the restaurant operator’s stock, valued at approximately $597,031,000. Chipotle Mexican Grill comprises about 3.1% of Sustainable Growth Advisers LP’s holdings, making the stock its 13th largest position. Sustainable Growth Advisers LP owned about 0.79% of Chipotle Mexican Grill at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CMG. Nuveen LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $535,023,000. Goldman Sachs Group Inc. grew its stake in Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock valued at $497,105,000 after purchasing an additional 4,903,969 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after purchasing an additional 2,404,798 shares during the period. Finally, Strs Ohio purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter worth about $93,571,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $31.55 on Friday. The stock has a market capitalization of $41.71 billion, a P/E ratio of 27.92, a PEG ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $66.74. The firm’s 50 day simple moving average is $38.17 and its two-hundred day simple moving average is $45.44.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. UBS Group set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, October 31st. Barclays decreased their price target on shares of Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Mizuho set a $34.00 target price on Chipotle Mexican Grill in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Chipotle Mexican Grill in a report on Wednesday, October 8th. Finally, TD Cowen reduced their price objective on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.