Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,596,483 shares of the restaurant operator’s stock after purchasing an additional 171,466 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Chipotle Mexican Grill were worth $145,793,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CMG. Saudi Central Bank bought a new stake in shares of Chipotle Mexican Grill in the first quarter worth $27,000. 1248 Management LLC bought a new position in Chipotle Mexican Grill during the 1st quarter valued at $27,000. Signature Resources Capital Management LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth $28,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $29,000. Finally, Activest Wealth Management increased its position in shares of Chipotle Mexican Grill by 109.3% in the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 270 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 0.0%

Shares of NYSE CMG opened at $30.56 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $30.02 and a 12-month high of $66.74. The company has a market cap of $40.98 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98. The stock’s 50 day simple moving average is $39.24 and its 200 day simple moving average is $46.08.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on CMG shares. Zacks Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Robert W. Baird reduced their target price on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, October 10th. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 target price (down previously from $52.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Piper Sandler raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Finally, Melius began coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They set a “hold” rating and a $60.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.81.

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.