Achmea Investment Management B.V. Boosts Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Achmea Investment Management B.V. lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,505.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,150 shares of the restaurant operator’s stock after buying an additional 120,953 shares during the quarter. Achmea Investment Management B.V.’s holdings in Chipotle Mexican Grill were worth $7,716,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on CMG. Loop Capital decreased their price target on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Thursday, July 25th. The Goldman Sachs Group decreased their target price on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Raymond James lowered their target price on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Stephens restated an “equal weight” rating and set a $61.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Finally, BMO Capital Markets lowered their price objective on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $56.35 on Friday. The firm’s fifty day moving average is $54.44 and its 200 day moving average is $80.68. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The firm has a market cap of $77.39 billion, a P/E ratio of 59.95, a P/E/G ratio of 2.24 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released 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%. Chipotle Mexican Grill’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $12.65 EPS. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In related news, 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 transaction of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.02% of the company’s stock.

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.