Price T Rowe Associates Inc. MD Acquires 4,027,016 Shares of Chipotle Mexican Grill, Inc. $CMG

Price T Rowe Associates Inc. MD increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,827,332 shares of the restaurant operator’s stock after purchasing an additional 4,027,016 shares during the quarter. Price T Rowe Associates Inc. MD owned about 4.22% of Chipotle Mexican Grill worth $2,853,302,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Knollwood Investment Advisory LLC raised its stake in Chipotle Mexican Grill by 1.0% in the first quarter. Knollwood Investment Advisory LLC now owns 105,350 shares of the restaurant operator’s stock valued at $5,290,000 after purchasing an additional 1,050 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 267.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 368,990 shares of the restaurant operator’s stock valued at $18,527,000 after acquiring an additional 268,620 shares during the last quarter. GDS Wealth Management boosted its stake in shares of Chipotle Mexican Grill by 124.2% during the first quarter. GDS Wealth Management now owns 135,924 shares of the restaurant operator’s stock valued at $6,825,000 after purchasing an additional 75,300 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Chipotle Mexican Grill by 54.0% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 296,213 shares of the restaurant operator’s stock worth $14,885,000 after acquiring an additional 103,854 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Chipotle Mexican Grill by 40.4% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 235,914 shares of the restaurant operator’s stock worth $11,845,000 after purchasing an additional 67,943 shares during the period. 91.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMG. Melius started coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They set a “hold” rating and a $60.00 price target on the stock. KeyCorp reduced their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. TD Securities reiterated a “buy” rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Finally, Barclays reduced their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $60.22.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $43.0860 on Thursday. The stock has a fifty day moving average of $49.89 and a 200 day moving average of $50.84. The stock has a market cap of $57.77 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a one year low of $41.18 and a one year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 EPS. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider owned 109,815 shares of the company’s stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is owned by corporate insiders.

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.