Mn Services Vermogensbeheer B.V. Has $34.14 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mn Services Vermogensbeheer B.V. increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,854.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 545,000 shares of the restaurant operator’s stock after acquiring an additional 534,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Chipotle Mexican Grill were worth $34,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Byrne Asset Management LLC raised its stake in Chipotle Mexican Grill by 11.8% during the first quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 4 shares in the last quarter. Evermay Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill by 1.8% in the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after purchasing an additional 4 shares during the last quarter. Peloton Wealth Strategists grew its holdings in shares of Chipotle Mexican Grill by 0.3% in the 4th 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 during the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Chipotle Mexican Grill by 19.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock worth $73,000 after purchasing an additional 4 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in Chipotle Mexican Grill by 0.9% during the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after purchasing an additional 4 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CMG shares. TD Cowen dropped their price target on Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Barclays dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Finally, Loop Capital decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.36.

Chipotle Mexican Grill Trading Up 0.5 %

Shares of CMG stock traded up $0.26 on Friday, hitting $53.71. 9,928,362 shares of the stock were exchanged, compared to its average volume of 15,141,147. The business has a 50-day moving average of $121.44 and a 200 day moving average of $80.63. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The firm has a market capitalization of $73.76 billion, a P/E ratio of 57.14, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $12.65 earnings per share. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current fiscal year.

Chipotle Mexican Grill Company 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.