Johnson Investment Counsel Inc. Acquires 5,035 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Johnson Investment Counsel Inc. raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6,993.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,107 shares of the restaurant operator’s stock after buying an additional 5,035 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Chipotle Mexican Grill were worth $320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. American Century Companies Inc. lifted its position in Chipotle Mexican Grill by 4,732.3% in the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after purchasing an additional 19,759,754 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Chipotle Mexican Grill by 4,816.1% in the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after acquiring an additional 8,186,198 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Chipotle Mexican Grill by 4,260.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock valued at $196,241,000 after buying an additional 3,060,498 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Chipotle Mexican Grill by 3,988.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,996,492 shares of the restaurant operator’s stock valued at $187,730,000 after buying an additional 2,923,203 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Chipotle Mexican Grill by 4,947.9% in the second quarter. Rhumbline Advisers now owns 2,633,801 shares of the restaurant operator’s stock valued at $165,008,000 after acquiring an additional 2,581,625 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the sale, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. The disclosure for this sale can be found here. Insiders sold 34,934 shares of company stock worth $1,918,589 over the last 90 days. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $56.12 on Friday. The firm has a 50-day moving average of $54.30 and a 200 day moving average of $80.90. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The stock has a market cap of $76.86 billion, a P/E ratio of 59.88, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the company earned $12.65 EPS. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. KeyCorp cut their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Stephens reiterated an “equal weight” rating and issued a $61.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Argus increased their price objective on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. StockNews.com downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.36.

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.