MUFG Securities EMEA plc Reduces Position in Chipotle Mexican Grill, Inc. $CMG

MUFG Securities EMEA plc decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 80.3% during the 4th quarter, Holdings Channel reports. The firm owned 54,208 shares of the restaurant operator’s stock after selling 221,457 shares during the period. MUFG Securities EMEA plc’s holdings in Chipotle Mexican Grill were worth $2,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AdvisorShares Investments LLC boosted its holdings in shares of Chipotle Mexican Grill by 601.4% during the fourth quarter. AdvisorShares Investments LLC now owns 14,954 shares of the restaurant operator’s stock worth $553,000 after purchasing an additional 12,822 shares during the period. Norges Bank purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $711,837,000. Eurizon Capital SGR S.p.A. bought a new position in Chipotle Mexican Grill during the 4th quarter valued at approximately $29,050,000. Fideuram Asset Management Ireland dac purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $671,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $173,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $30.54 on Tuesday. The firm’s 50-day moving average price is $33.19 and its 200-day moving average price is $35.29. The company has a market capitalization of $39.17 billion, a PE ratio of 28.01, a P/E/G ratio of 2.05 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The business 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%. Chipotle Mexican Grill’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CMG shares. BTIG Research reissued a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Argus raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, May 5th. Weiss Ratings cut shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, March 9th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.03.

About Chipotle Mexican Grill

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.