Sustainable Insight Capital Management LLC Raises Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

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Sustainable Insight Capital Management LLC boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 272.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,213 shares of the restaurant operator’s stock after buying an additional 3,083 shares during the period. Chipotle Mexican Grill makes up approximately 3.6% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Sustainable Insight Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $3,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bremer Bank National Association purchased a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $33,000. CWM LLC purchased a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $36,000. FNY Investment Advisers LLC purchased a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $36,000. Motco purchased a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $47,000. Finally, Liberty Wealth Management LLC boosted its position in Chipotle Mexican Grill by 123.1% in the second quarter. Liberty Wealth Management LLC now owns 87 shares of the restaurant operator’s stock valued at $64,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 98.12% of the company’s stock.

In related news, Director Pershing Square Capital Manage sold 80,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $726.15, for a total value of $58,092,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Albert S. Baldocchi sold 1,164 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $775.00, for a total value of $902,100.00. Following the completion of the transaction, the director now directly owns 72,756 shares of the company’s stock, valued at $56,385,900. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,464 shares of company stock valued at $124,302,809. Corporate insiders own 2.21% of the company’s stock.

Shares of CMG stock traded down $8.46 during trading hours on Thursday, hitting $819.05. 8,322 shares of the company’s stock were exchanged, compared to its average volume of 558,201. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 1.65. The firm has a market cap of $22.74 billion, a P/E ratio of 90.37, a P/E/G ratio of 3.30 and a beta of 0.72. The firm has a 50 day moving average of $777.77 and a two-hundred day moving average of $698.42. Chipotle Mexican Grill, Inc. has a fifty-two week low of $383.20 and a fifty-two week high of $828.79.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.68 by $0.31. The business 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 quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.87 EPS. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 13.26 earnings per share for the current fiscal year.

CMG has been the subject of a number of analyst reports. Citigroup boosted their price target on Chipotle Mexican Grill from $695.00 to $797.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Telsey Advisory Group reissued a “market perform” rating and issued a $750.00 price target (up from $700.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 24th. Wells Fargo & Co boosted their price target on Chipotle Mexican Grill from $696.00 to $714.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. ValuEngine downgraded Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Cowen reissued a “market perform” rating and issued a $660.00 price target (up from $640.00) on shares of Chipotle Mexican Grill in a report on Thursday, April 25th. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $700.26.

Chipotle Mexican Grill Company 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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