Russell Investments Group Ltd. Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Russell Investments Group Ltd. grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 58.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,560 shares of the restaurant operator’s stock after purchasing an additional 12,395 shares during the period. Russell Investments Group Ltd. owned about 0.12% of Chipotle Mexican Grill worth $71,780,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CMG. State Street Corp boosted its position in Chipotle Mexican Grill by 0.5% in the 1st quarter. State Street Corp now owns 1,042,969 shares of the restaurant operator’s stock valued at $1,781,678,000 after buying an additional 5,358 shares during the period. Geode Capital Management LLC grew its stake in Chipotle Mexican Grill by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 565,479 shares of the restaurant operator’s stock worth $963,779,000 after purchasing an additional 9,520 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Chipotle Mexican Grill by 8.3% during the 4th quarter. Alliancebernstein L.P. now owns 402,002 shares of the restaurant operator’s stock worth $557,774,000 after purchasing an additional 30,788 shares during the period. Morgan Stanley raised its position in Chipotle Mexican Grill by 65.8% in the 4th quarter. Morgan Stanley now owns 375,736 shares of the restaurant operator’s stock valued at $521,332,000 after purchasing an additional 149,115 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Chipotle Mexican Grill by 150,224.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 339,734 shares of the restaurant operator’s stock valued at $726,690,000 after buying an additional 339,508 shares during the period. Institutional investors and hedge funds own 91.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stifel Nicolaus cut their target price on shares of Chipotle Mexican Grill from $2,250.00 to $2,150.00 in a research note on Thursday, July 27th. KeyCorp raised their price objective on shares of Chipotle Mexican Grill from $2,200.00 to $2,250.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Raymond James lowered their target price on shares of Chipotle Mexican Grill from $2,300.00 to $2,100.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. BMO Capital Markets cut their price target on Chipotle Mexican Grill from $1,950.00 to $1,925.00 in a research note on Thursday, July 27th. Finally, Robert W. Baird upped their price objective on Chipotle Mexican Grill from $2,200.00 to $2,400.00 and gave the stock an “outperform” rating in a research report on Friday, July 21st. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $2,161.33.

Chipotle Mexican Grill Price Performance

CMG opened at $2,173.10 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $1,344.05 and a 12 month high of $2,177.77. The stock has a market capitalization of $59.63 billion, a P/E ratio of 51.54, a P/E/G ratio of 1.89 and a beta of 1.33. The business has a 50 day simple moving average of $1,919.87 and a 200-day simple moving average of $1,980.97.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $11.36 earnings per share for the quarter, topping analysts’ consensus estimates of $10.46 by $0.90. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Chipotle Mexican Grill had a net margin of 12.27% and a return on equity of 45.26%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $9.51 EPS. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 44.04 EPS for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,044 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $1,830.95, for a total value of $1,911,511.80. Following the completion of the transaction, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at $42,747,189.65. The sale was disclosed in a filing with the SEC, which is available at this link. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,060 shares of Chipotle Mexican Grill stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $1,950.00, for a total transaction of $2,067,000.00. Following the completion of the transaction, the chief executive officer now owns 23,347 shares in the company, valued at $45,526,650. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian R. Niccol sold 1,044 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $1,830.95, for a total transaction of $1,911,511.80. Following the completion of the sale, the chief executive officer now owns 23,347 shares in the company, valued at $42,747,189.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,642 shares of company stock worth $9,041,139. 0.96% of the stock is owned by company insiders.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.