Meiji Yasuda Asset Management Co Ltd. Has $2.17 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3,599.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 34,550 shares of the restaurant operator’s stock after purchasing an additional 33,616 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Chipotle Mexican Grill were worth $2,165,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $25,000. Riverview Trust Co increased its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the period. RiverPark Advisors LLC increased its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the period. Archer Investment Corp acquired a new position in Chipotle Mexican Grill during the 2nd quarter valued at $25,000. Finally, Chilton Capital Management LLC bought a new stake in Chipotle Mexican Grill in the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CMG shares. Barclays cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Robert W. Baird cut their price target on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Guggenheim lifted their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Raymond James cut their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Stephens reiterated an “equal weight” rating and set a $61.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Insiders Place Their Bets

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

Chipotle Mexican Grill Price Performance

CMG stock opened at $56.92 on Thursday. The business has a fifty day moving average price of $54.26 and a 200 day moving average price of $80.98. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The stock has a market capitalization of $78.17 billion, a price-to-earnings ratio of 60.55, a P/E/G ratio of 2.33 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $12.65 earnings per share. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

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.