Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Holdings Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,409 shares of the restaurant operator’s stock after purchasing an additional 5,061 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Chipotle Mexican Grill were worth $94,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Byrne Asset Management LLC lifted its position in shares of Chipotle Mexican Grill by 11.8% in the first quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 4 shares in the last quarter. Evermay Wealth Management LLC lifted its position in shares of Chipotle Mexican Grill by 1.8% in the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after purchasing an additional 4 shares in the last quarter. Peloton Wealth Strategists lifted its position in shares of Chipotle Mexican Grill by 0.3% in the fourth quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after purchasing an additional 4 shares in the last quarter. Hazlett Burt & Watson Inc. raised its position in Chipotle Mexican Grill by 19.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock valued at $73,000 after acquiring an additional 4 shares in the last quarter. Finally, Diversified Trust Co raised its position in Chipotle Mexican Grill by 0.9% during the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after acquiring an additional 4 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent research reports. TD Cowen cut their price objective on shares of Chipotle Mexican Grill from $3,600.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. Morgan Stanley raised their price objective on shares of Chipotle Mexican Grill from $59.72 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. StockNews.com lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Wells Fargo & Company increased their price target on Chipotle Mexican Grill from $65.70 to $66.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, UBS Group increased their price target on Chipotle Mexican Grill from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Nine investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $180.51.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, CEO Brian R. Niccol sold 320,300 shares of Chipotle Mexican Grill stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.72, for a total value of $20,409,003.52. Following the completion of the transaction, the chief executive officer now directly owns 1,133,450 shares of the company’s stock, valued at $72,221,620.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Brian R. Niccol sold 320,300 shares of Chipotle Mexican Grill stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.72, for a total value of $20,409,003.52. Following the completion of the sale, the chief executive officer now directly owns 1,133,450 shares in the company, valued at $72,221,620.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Scott Boatwright sold 55,000 shares of Chipotle Mexican Grill stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.80, for a total value of $3,509,176.00. Following the completion of the sale, the chief operating officer now owns 120,600 shares of the company’s stock, valued at $7,694,665.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 550,750 shares of company stock valued at $35,023,769. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Down 3.5 %

CMG traded down $1.91 during trading on Thursday, reaching $53.38. 28,957,018 shares of the company’s stock were exchanged, compared to its average volume of 13,834,563. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The business has a 50 day moving average price of $126.99 and a 200 day moving average price of $79.40. The company has a market capitalization of $73.31 billion, a P/E ratio of 57.28, a PEG ratio of 2.30 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Chipotle Mexican Grill Profile

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.