Sumitomo Mitsui DS Asset Management Company Ltd Acquires 11,726 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,738 shares of the restaurant operator’s stock after purchasing an additional 11,726 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Chipotle Mexican Grill were worth $9,451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth $186,000. Brookstone Capital Management grew its position in Chipotle Mexican Grill by 71.6% during the 3rd quarter. Brookstone Capital Management now owns 46,639 shares of the restaurant operator’s stock valued at $2,687,000 after purchasing an additional 19,464 shares during the last quarter. Wedmont Private Capital grew its position in Chipotle Mexican Grill by 9.2% during the 3rd quarter. Wedmont Private Capital now owns 29,947 shares of the restaurant operator’s stock valued at $1,699,000 after purchasing an additional 2,521 shares during the last quarter. USA Financial Formulas bought a new stake in Chipotle Mexican Grill during the 3rd quarter valued at about $171,000. Finally, Watts Gwilliam & Co. LLC purchased a new position in Chipotle Mexican Grill in the third quarter worth about $510,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CMG. Barclays reduced their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday. TD Cowen lifted their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Loop Capital upped their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Oppenheimer lifted their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $57.29 on Friday. The stock has a fifty day simple moving average of $60.17 and a two-hundred day simple moving average of $57.83. The firm has a market capitalization of $78.06 billion, a PE ratio of 53.32, a PEG ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.