Ninety One UK Ltd Purchases New Position in Chipotle Mexican Grill, Inc. $CMG

Ninety One UK Ltd acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, HoldingsChannel reports. The fund acquired 3,841,914 shares of the restaurant operator’s stock, valued at approximately $135,296,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ninety One SA Pty Ltd acquired a new stake in shares of Chipotle Mexican Grill in the third quarter worth $134,000. State of Alaska Department of Revenue increased its position in Chipotle Mexican Grill by 181.8% during the third quarter. State of Alaska Department of Revenue now owns 422,295 shares of the restaurant operator’s stock worth $13,492,000 after acquiring an additional 272,454 shares during the period. Chiron Capital Management LLC increased its position in Chipotle Mexican Grill by 17.4% during the third quarter. Chiron Capital Management LLC now owns 10,936 shares of the restaurant operator’s stock worth $349,000 after acquiring an additional 1,621 shares during the period. Formuepleje A S acquired a new position in Chipotle Mexican Grill during the 3rd quarter valued at $325,000. Finally, Ninety One North America Inc. acquired a new position in Chipotle Mexican Grill during the 3rd quarter valued at $2,176,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Raymond James Financial reissued an “outperform” rating and issued a $42.50 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Mizuho restated an “outperform” rating and set a $43.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, September 1st. Robert W. Baird reaffirmed a “neutral” rating and set a $40.00 price objective (down from $44.00) on shares of Chipotle Mexican Grill in a research report on Monday, August 24th. Argus increased their target price on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, 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 research note on Thursday, July 30th. Twenty-two equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $43.87.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the transaction, the insider directly owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. This trade represents a 11.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is owned by company insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG traded up $0.08 on Thursday, reaching $30.60. 5,996,297 shares of the stock traded hands, compared to its average volume of 17,682,809. The stock’s 50-day moving average price is $34.09 and its 200-day moving average price is $33.49. The firm has a market cap of $38.72 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 1.86 and a beta of 0.96. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $42.74.

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

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that specializes in Mexican-inspired food made with a limited number of core ingredients. Its menu includes burritos, burrito bowls, tacos, quesadillas, salads and sides, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company also offers beverages, including soft drinks and other drinks, and allows customers to customize meals.

Founded by Steve Ells in 1993, Chipotle operates company-owned restaurants under the Chipotle Mexican Grill brand.