Sumitomo Mitsui Trust Holdings Inc. Has $208.81 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,834 shares of the restaurant operator’s stock after acquiring an additional 473 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.26% of Chipotle Mexican Grill worth $208,805,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CMG. Steph & Co. bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $32,000. Turtle Creek Wealth Advisors LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth $37,000. ICA Group Wealth Management LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at $37,000. Finally, Keener Financial Planning LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $43,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $61.60 on Thursday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The firm has a market capitalization of $84.60 billion, a P/E ratio of 65.73, a P/E/G ratio of 2.49 and a beta of 1.24. The company’s 50 day simple moving average is $127.91 and its 200 day simple moving average is $78.65.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related news, COO Scott Boatwright sold 55,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.80, for a total transaction of $3,509,176.00. Following the completion of the transaction, the chief operating officer now owns 120,600 shares in the company, valued at $7,694,665.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Albert S. Baldocchi sold 50,000 shares of Chipotle Mexican Grill stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the transaction, the director now owns 1,362,500 shares in the company, valued at approximately $86,273,772.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Scott Boatwright sold 55,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.80, for a total value of $3,509,176.00. Following the completion of the transaction, the chief operating officer now owns 120,600 shares of the company’s stock, valued at $7,694,665.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 550,750 shares of company stock worth $35,023,769. 1.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CMG shares. Citigroup upped their price objective on shares of Chipotle Mexican Grill from $67.16 to $67.38 and gave the company a “buy” rating in a research report on Thursday, April 25th. Stephens raised their price objective on Chipotle Mexican Grill from $60.20 to $61.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Wedbush restated a “neutral” rating and issued a $64.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, June 17th. Argus lifted their price target on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, Wells Fargo & Company increased their price objective on shares of Chipotle Mexican Grill from $65.70 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.29.

Chipotle Mexican Grill Company 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.