Nippon Life Global Investors Americas Inc. Purchases 1,070 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

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Nippon Life Global Investors Americas Inc. boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,820 shares of the restaurant operator’s stock after acquiring an additional 1,070 shares during the period. Chipotle Mexican Grill accounts for 1.0% of Nippon Life Global Investors Americas Inc.’s portfolio, making the stock its 29th largest position. Nippon Life Global Investors Americas Inc. owned 0.06% of Chipotle Mexican Grill worth $14,138,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Chipotle Mexican Grill by 9.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,951 shares of the restaurant operator’s stock valued at $4,161,000 after buying an additional 434 shares during the period. Park Avenue Securities LLC acquired a new position in Chipotle Mexican Grill in the third quarter valued at about $458,000. Oakbrook Investments LLC lifted its stake in Chipotle Mexican Grill by 50.0% in the third quarter. Oakbrook Investments LLC now owns 1,950 shares of the restaurant operator’s stock valued at $1,639,000 after buying an additional 650 shares during the period. First Citizens Bank & Trust Co. acquired a new position in Chipotle Mexican Grill in the third quarter valued at about $1,083,000. Finally, Fulton Breakefield Broenniman LLC acquired a new position in Chipotle Mexican Grill in the third quarter valued at about $269,000. Institutional investors and hedge funds own 92.04% of the company’s stock.

CMG stock traded up $10.06 during mid-day trading on Monday, reaching $851.54. The company had a trading volume of 528,818 shares, compared to its average volume of 571,708. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.52 and a quick ratio of 1.48. The stock has a 50 day simple moving average of $824.87 and a two-hundred day simple moving average of $759.15. The company has a market capitalization of $22.98 billion, a price-to-earnings ratio of 93.99, a PEG ratio of 3.36 and a beta of 0.70. Chipotle Mexican Grill, Inc. has a 52 week low of $383.20 and a 52 week high of $857.90.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.68 by $0.31. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. Chipotle Mexican Grill had a return on equity of 21.50% and a net margin of 4.80%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $2.87 earnings per share. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 13.4 EPS for the current year.

Several equities analysts have weighed in on the company. Stephens increased their target price on Chipotle Mexican Grill from $650.00 to $700.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Morgan Stanley increased their target price on Chipotle Mexican Grill from $706.00 to $746.00 and gave the company an “equal weight” rating in a research note on Friday. KeyCorp increased their target price on Chipotle Mexican Grill from $860.00 to $870.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Co increased their target price on Chipotle Mexican Grill from $714.00 to $796.00 and gave the company a “market perform” rating in a research note on Thursday, October 10th. Finally, Northcoast Research assumed coverage on Chipotle Mexican Grill in a research note on Friday, July 19th. They issued a “sell” rating and a $400.00 target price on the stock. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Chipotle Mexican Grill has an average rating of “Hold” and an average price target of $753.68.

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 772 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $843.90, for a total value of $651,490.80. Following the completion of the transaction, the chief executive officer now directly owns 26,634 shares in the company, valued at $22,476,432.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steve Ells sold 28,645 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $802.66, for a total value of $22,992,195.70. Following the completion of the transaction, the insider now owns 183,580 shares of the company’s stock, valued at $147,352,322.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,531 shares of company stock valued at $91,910,364. Corporate insiders own 2.21% 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, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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

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