Saudi Central Bank Raises Holdings in Chipotle Mexican Grill, Inc. $CMG

Saudi Central Bank lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 86.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,170 shares of the restaurant operator’s stock after buying an additional 42,363 shares during the quarter. Saudi Central Bank’s holdings in Chipotle Mexican Grill were worth $3,100,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EP Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $948,000. Callan Family Office LLC purchased a new position in Chipotle Mexican Grill during the second quarter valued at approximately $1,406,000. Norges Bank bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $711,837,000. PensionDanmark Pensionsforsikringsaktieselskab raised its stake in Chipotle Mexican Grill by 40.2% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator’s stock worth $9,138,000 after buying an additional 77,002 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its stake in Chipotle Mexican Grill by 156.9% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock worth $2,156,000 after buying an additional 35,589 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Insiders Place Their Bets

In related news, insider Matthew R. Bush sold 2,675 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the transaction, the insider directly owned 21,415 shares of the company’s stock, valued at $765,586.25. This represents a 11.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on CMG shares. Weiss Ratings raised Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Raymond James Financial reissued an “outperform” rating and issued a $42.50 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. 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. DA Davidson raised their price objective on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Citigroup dropped their price objective on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Twenty-three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $43.84.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $36.96 on Tuesday. The company has a market cap of $46.77 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $42.81. The company has a 50 day moving average of $35.00 and a two-hundred day moving average of $33.93.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the firm posted $0.33 earnings per share. The business’s quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.15 EPS for the current year.

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.