State Street Corp Purchases 138,632 Shares of Chipotle Mexican Grill, Inc. $CMG

by · The Cerbat Gem

State Street Corp boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,389,460 shares of the restaurant operator’s stock after acquiring an additional 138,632 shares during the quarter. State Street Corp’s holdings in Chipotle Mexican Grill were worth $3,166,268,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its position in shares of Chipotle Mexican Grill by 1.6% during the second quarter. Daiwa Securities Group Inc. now owns 223,471 shares of the restaurant operator’s stock valued at $12,548,000 after buying an additional 3,556 shares during the last quarter. Winslow Capital Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 20.1% during the 2nd quarter. Winslow Capital Management LLC now owns 10,705,985 shares of the restaurant operator’s stock valued at $601,141,000 after acquiring an additional 1,794,175 shares during the last quarter. WINTON GROUP Ltd raised its holdings in shares of Chipotle Mexican Grill by 80.6% during the second quarter. WINTON GROUP Ltd now owns 102,796 shares of the restaurant operator’s stock valued at $5,772,000 after purchasing an additional 45,883 shares during the last quarter. Ossiam lifted its position in Chipotle Mexican Grill by 181.9% during the second quarter. Ossiam now owns 372,913 shares of the restaurant operator’s stock valued at $20,939,000 after purchasing an additional 240,607 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Chipotle Mexican Grill by 32.2% in the second quarter. California Public Employees Retirement System now owns 2,238,203 shares of the restaurant operator’s stock worth $125,675,000 after purchasing an additional 545,234 shares during the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMG. Jefferies Financial Group decreased their target price on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, October 13th. TD Cowen lowered their target price on Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Zacks Research cut Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. KeyCorp dropped their price objective on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Truist Financial reduced their target price on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $49.81.

Check Out Our Latest Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $33.75 on Wednesday. The company has a market capitalization of $44.62 billion, a P/E ratio of 29.86, a P/E/G ratio of 3.43 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $66.74. The firm’s 50 day simple moving average is $35.95 and its two-hundred day simple moving average is $43.18.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

(Free Report)

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.

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