Nissay Asset Management Corp Japan Sells 699,132 Shares of Chipotle Mexican Grill, Inc. $CMG

Nissay Asset Management Corp Japan lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 57.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 508,290 shares of the restaurant operator’s stock after selling 699,132 shares during the period. Nissay Asset Management Corp Japan’s holdings in Chipotle Mexican Grill were worth $17,282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth approximately $4,417,475,000. Capital World Investors lifted its holdings in shares of Chipotle Mexican Grill by 15.8% in the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after purchasing an additional 13,843,222 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Chipotle Mexican Grill by 18.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after buying an additional 9,237,720 shares during the last quarter. Capital International Investors grew its holdings in Chipotle Mexican Grill by 17.7% during the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after buying an additional 6,796,285 shares in the last quarter. Finally, Norges Bank bought a new stake in Chipotle Mexican Grill during the fourth quarter worth $711,837,000. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Up 2.3%

Shares of Chipotle Mexican Grill stock opened at $38.08 on Friday. The business’s fifty day simple moving average is $34.33 and its 200 day simple moving average is $33.94. The firm has a market capitalization of $48.19 billion, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $42.81.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. TD Cowen restated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Stephens reiterated a “positive” rating and issued a $40.00 target price (up from $36.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. DA Davidson increased their target price on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Morgan Stanley raised their price target on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Finally, Argus boosted their price target on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.84.

Insider Activity at Chipotle Mexican Grill

In related news, insider Matthew R. Bush sold 2,675 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the transaction, the insider directly owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. The trade was a 11.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is owned by insiders.

Chipotle Mexican Grill Profile

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.