Sumitomo Mitsui Trust Group Inc. Has $180.95 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

Sumitomo Mitsui Trust Group Inc. lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,222,613 shares of the restaurant operator’s stock after buying an additional 51,580 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Chipotle Mexican Grill were worth $180,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in Chipotle Mexican Grill by 6.8% during the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 20,500 shares of the restaurant operator’s stock worth $1,151,000 after buying an additional 1,300 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in Chipotle Mexican Grill by 72.2% during the second quarter. Catalyst Capital Advisors LLC now owns 2,720 shares of the restaurant operator’s stock worth $153,000 after buying an additional 1,140 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Chipotle Mexican Grill by 2.6% during the second quarter. Asset Management One Co. Ltd. now owns 588,913 shares of the restaurant operator’s stock worth $33,067,000 after buying an additional 14,998 shares in the last quarter. Carnegie Investment Counsel boosted its stake in Chipotle Mexican Grill by 2.7% during the second quarter. Carnegie Investment Counsel now owns 92,985 shares of the restaurant operator’s stock worth $5,221,000 after buying an additional 2,456 shares in the last quarter. Finally, FSM Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill during the second quarter worth $235,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CMG. Citigroup decreased their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. BTIG Research reiterated a “buy” rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $58.00 to $52.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. Finally, Raymond James Financial restated an “outperform” rating and issued a $52.00 target price (down previously from $56.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $56.69.

Chipotle Mexican Grill Stock Down 1.5%

Chipotle Mexican Grill stock opened at $41.18 on Friday. The stock has a 50-day simple moving average of $40.98 and a 200 day simple moving average of $47.12. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The stock has a market capitalization of $55.22 billion, a price-to-earnings ratio of 36.77, a P/E/G ratio of 2.53 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the previous year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.